$Marathon Digital Holdings Inc(MARA)$ heres my thought....it seems bitcoin is more valuable than mara stock. they could have done a buy back driving the sp up a ton and luring new investors into the fold. it also would have given large holders the confidence to up their positions.... fred missed an oppertunity to leave the 20s in the dust. instead fred bought bitcoin. he clearly thinks it more valuable than his companys stock....
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Last week spent $100M on bitcoin and ceo said going to hold all bitcoin for the time being.
Also got a $138M lawsuit going on.
After deduction might left only $18M cash on hand.
Haven’t deduct international expansions in Finland and Kenya.
Offering might be coming.
Else they can’t continue operation.
No sell bitcoin = no income.