JUST IN: Bitcoin miner MARA Holdings bought another $1.53 BILLION $BTC
They have bought $3.2 BILLION Bitcoin in just 6 weeks!
Saylor has some competition!
Discussion
Yeah. Once all these other companies start playing the games and MSTR is playing. MSTR premium is going to collapse. MSTR is not doing anything special here. It’s just a matter of time.
Aren't they a mining pool? Why are they buying BTC when they should be mining it?
Why not both.
Seems like a way to pay their miners without actually finding blocks consistently. Consequently, siphoning more hashrate away from other pools with bigger guaranteed payouts.
So, I guess that seems scummy, so that's why I wouldn't like to see them doing both.
The more speculative attacks on the dollar the better. The quicker we move to the Bitcoin standard the better. My viewpoint anyhow
Why mine when you can buy…… but wouldn’t that suggest they should just shut up shop as a miner.
They are able to buy by raising money but why arent they raising money to expand mining operation? I guess its an admission its more profitable to buy then to mine which is usually the case.
After listening to nostr:npub10cxz2h7n6rumfpuf49zt4uvm7skzqk5u25vesp0tzdtnkvsnwjyqaffcj3, I’m happy I’m not exposed to $mara.