Marathon Digital increased its holdings of Bitcoin worth over $124 million in July

ChainCatcher news, according to Cointelegraph, Bitcoin mining company Marathon Digital Holdings continues to increase its Bitcoin holdings as part of its "full hold" strategy. In July, Marathon Digital added 2,282 BTC, worth over $124 million at current valuations. This means Marathon's Bitcoin holdings have reached 20,818 BTC, valued at over $1.14 billion.

In addition to purchasing BTC, Marathon also increased its Bitcoin production in July to 692 BTC, a month-over-month increase of 17%. The announcement stated that the company holds Bitcoin and cash worth $1.6 billion. Notably, Marathon did not sell any Bitcoin in June either.