North American listed mining company Marathon Patent Group announced the purchase of 4,813 bitcoins worth $150 million
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According to BlockBeats, Marathon Patent Group, a North American listed mining company, announced that it has purchased 4,813 bitcoins worth $150 million. According to Marathon CEO Merrick Okamoto, the investment funds came from the company's cash. Before completing the $250 million equity financing earlier this month, Marathon held $425 million in cash and had stated that the funds would be used to invest in Bitcoin. Crypto financial services company NYDIG helped Marathon complete the investment, and the average unit price of 4,813 bitcoins was $31,135. (The Block)
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