$Marathon Digital Holdings Inc(MARA)$ Some interesting actions happening that could have a positive impact on Bitcoin price in the next few days: 1) Bitcoin global mining difficulty is set for a significant increase (11%) in difficulty in less than 12 hours (expect to see many older machines shut down). 2) What will Powell do on interest rates cuts for the remainder of this year? 3) Additionally, the miners have started holding the Bitcoin they are producing providing less supply on the exchanges. Let’s see how this plays out starting tomorrow. Always looking for the positives.
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Comments
It will dilute the market when they start to sell.
Take note of the $1.5B shares offering ATM approved at Feb 2024.
They can sell and dilute the market up to $1.5B to raise cash.
Also the lawsuit they need to pay $138M for breach of trust.
What kind of management give themselves 45M shares ($1B) employee incentives. That is like 70% of the overall bitcoin they had.
It’s like they do mining but money goes into their own pocket.