Every day that passes, more traditional companies are convinced of the usefulness of keeping Bitcoin in their treasury, as a vehicle for investment and savings. So what started with MicroStrategy and a handful of investors in GrayScale has become a global trend. With large companies such as Marathon Patent Group, which invested 150 million dollars in Bitcoin, as Cameron Winklevoss commented in the Tweet of the day:
Marathon Patent Group joins the Bitcoin world
Today, it makes perfect sense to own Bitcoin. And it is that, after the great bullish rally that occurred in the month of December. Most of the world’s major investors and companies have become convinced of the value of cryptocurrency, as well as its possible function as an asset for savings and investment.
In this way, there have been hundreds of investment funds and traditional companies that have entered the crypto market in recent months. Trying to take advantage of the Bitcoin boom to generate profits, before the cryptocurrency continues to rise in price in the coming weeks.
A trend that has even reached companies listed on the stock market. This would be the case of Marathon Patent Group, a company registered on the Nasdaq exchange and involved in Bitcoin mining, which has decided to acquire the cryptocurrency from the market for the first time in its history. Thus, Marathon Patent Group invests 150 million dollars, hoping to achieve results similar to those of MicroStrategy. What has not escaped Cameron Winklevoss who commented on Twitter:
«And another one. Publicly traded company bought 150 million in Bitcoin for its treasury».
Although Marathon Partner Group is not a company outside the crypto world, it has made investments in Bitcoin mining. The direct purchase of Bitcoins as a means of saving by the company is relevant enough and demonstrates the importance that the cryptoactive is beginning to have among the most important organizations in the world.