Marathon Digital Has Record Bitcoin Production, Trust Wallet Offering In-App Off-Ramp

Apr 5, 2023
Market Update Equity indices and US Treasury yields are declining today following a weak ADP payrolls data release, potentially indicating the US economy is heading for a slowdown. The $SPY and $QQQ have fallen 0.48% and 1.20%, respectively, while the US02Y and US10Y are approaching new 2023 lows. Crypto markets are mixed today, with $BTC (-0.54%) holding above $28k, and $ETH (+1.63%) breaking above $1900. MicroStrategy announced this morning that they have acquired an additional 1,045 bitcoin at an average price of $28,016, bringing the company’s total bitcoin holdings to 140,000 (~$4.17 billion). The latest purchase brings MicroStrategy’s total cost-basis down to $29,803 per bitcoin, bringing its breakeven point within an approximate 6% move.  Crypto mining company Marathon Digital released an update yesterday highlighting the company’s successful first quarter. Marathon produced a record 2,195 bitcoin in the first quarter, improving its operational hashrate by 64% quarter-over-quarter. The record bitcoin production represents a 74% increase compared to Q1 2022 and a 41% increase from Q4 2022. Marathon’s unrestricted bitcoin holdings rose to 11,466 bitcoin (326.5 million), improving 22% from a year earlier. In addition to Marathon’s operational progress, Marath

Unlock this page with a FREE 30-Day Trial!

*Free trial available only on a monthly plan

Reports you may have missed

MARKET COMMENTARYU.S. EQUITIES ARE RELATIVELY FLAT AS THEY CONSOLIDATE ABOVE PRIOR ALL-TIME HIGHS. THE SPX IS TRADING AT 5,300, AND THE NDQ IS HOVERING NEAR $18,600, WHILE THE DXY 0.00% (-0.07%) IS SHOWING A SLIGHT DECLINE, TRADING AT $104.4. Crypto assets are showing strength, with BTC 1.91% rising 2.84% to $67.1k and ETH 5.14% surging 4.86% to $3,090. Liquid staking tokens are building on Ether's outperformance, as LDO 8.19% and PENDLE 15.20% have gained 10.11% and 13.43%, respectively. Similarly, layer-2...

CRYPTO MARKET UPDATETODAY, WE ARE SEEING SOME MINOR CONSOLIDATION IN THE CRYPTO MARKET COINCIDING WITH THE SLIGHT BOUNCE IN THE RATES AND DXY 0.00% . BTC 1.91% is trading just north of $65k, while ETHBTC continues to struggle, with ETH 5.14% moving lower for the 5th consecutive day and still trading below the $3k mark. Despite the market consolidation, SOLBTC is still green on the day as SOL 5.61% works to regain the $160 level....

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 1/1

🎁 Unlock 1 extra article by joining our Community!

You’ve reached your limit of 1 free monthly articles. Please enter your email to unlock 1 more articles.

Already have an account? Sign In