$Marathon Digital Holdings Inc(MARA)$ any fund that invest 1 billion directly own 20% of Mara with market cap of 5 billion. While Mara hold 1.5 billion of cash and bitcoin. This offset purchase value and with bitcoin pricing expected to increase as hash rate increase to 50 EH/S. This would generate revenue of a billion or more yearly. Before the next halfing 4 years later, any fund that hold mara shares own and mine instead of purchasing from direct market. Bitcoin mining at 30-40k per coin would yield a nice profit for every coin mine while waiting for shares appreciation. Is it worth? Only time will tell. Will institution will buy etf at bitcoin market rate or owning bitcoin mining below rate?
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