JUST IN: MARA mined 950 #Bitcoin worth over $100 MILLION in May 💥
They HODLed all of it 👏
Discussion
worth in of it IN:
They all JUST May $100 MARA #Bitcoin over mined HODLed 💥 950 MILLION 👏
Why is this something to celebrate?? Centralization of mining is bad…
Already over $500M down the drain from their core business in Q1. They’re basically hoping for a god candle to bail them out, but that’s looking less and less likely by the day. Let’s say we top at 130K then go down 50%+ over 4-6 months. MARA will probably panic sell their whole stash (if they ever had one) and nuke the price even more (hi FTX). Their stock’s already a complete dumpster fire so they’re not raising anything from that either. Realistically, they fall behind on hash rate while the competition takes more ground. Worst case, they go full rekt into the next bear bottom and disappear entirely, which is something I look forward to. Hope they drag you down with them @ShitcoinMagazine. 😘