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Michael Saylor expressed: A publicly traded Bitcoin Miner Marathon DH is raising $500 million in a debt offering to acquire bitcoin and bitcoin mining machines. This is not factored into anyone’s model.
Marathon Digital Holdings is a patent holding company that is the parent of Uniloc, known as a patent troll company.
For clarity, Marathon purchased patents related to encryption in the 2010s and in 2021 it was known for its purchases of Bitcoin and Bitcoin Mining equipment and a joint venture to use 37 MW from the Hardin Generating Station Montana coal plant to power an adjacently-constructed Marathon bitcoin data center.
The company changed its name to Marathon Digital Holdings, effective March 1, 2021. Its chief executive officer is Fred Thiel.
Community Response: it is going up forever Laura. The models were destroyed long ago. Fiat thinkers will dump.
A small amount of holding is the most correct. Stock is already up like crazy over last month. Insider trading?
It was factored into my model when I smash bought the stock upon hearing of this a couple weeks ago. Also factored in was their projected hash rate for late Q1 2022. Few.
Fascinating. Interested to see at what price the bitcoin will be purchased at following the offering.
They will be buying miners. Not bitcoin. The amount of data points for a good model are being created before our eyes. It’s like trying to see a landscape on a screen but the pixels are still lighting up sporadically. A lucky few will have the right idea, as usual.
“Critical thinking is the most important factor with chess. As it is in life, you need to think before you make decisions.” – Hikaru Nakamura
Companies like Microstrategy, Marathon DH, etc are at the front of institutional adoption of Bitcoin. We need more institutions like them.
Marathon intends to use the net proceeds from the offering for general corporate purposes, including the acquisition of bitcoin or bitcoin mining machines. To be precise.
Bitcoin remains sound money and we can print some with our big cannons and our big brains backing it up.
That’s the challenging part. Make as much Fiat money as fast as possible and convert it into Bitcoin. Never try to time the market.
Everything makes sense if Bitcoin is your preferred form of money. How? Borrow the money or mortgage house?
Just make sure you don’t run out of belief. The Fed is making sure nobody runs out of money. Bitcoin fixes this. Few.
Why doesn’t crypto on board worker’s unions? They seem like a logical partner. Central bank can’t run out of money, can always print couple of trillions more.
The problem with fiat. If you run out of it, you print more.
