{"id":22687,"date":"2024-06-12T19:30:35","date_gmt":"2024-06-12T16:30:35","guid":{"rendered":"https:\/\/coinengineer.io\/?p=22687"},"modified":"2024-06-12T17:56:36","modified_gmt":"2024-06-12T14:56:36","slug":"worlds-largest-bitcoin-miner-sells-1000-bitcoin-in-three-months","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/worlds-largest-bitcoin-miner-sells-1000-bitcoin-in-three-months\/","title":{"rendered":"World’s Largest Bitcoin Miner Sells 1,000 Bitcoin in Three Months"},"content":{"rendered":"

Marathon Digital, one of the world’s largest Bitcoin<\/strong> mining companies, has sold 1,000 Bitcoin<\/strong><\/a> in the past three months, according to data from CryptoQuant.<\/p>\n

The sale, which was worth approximately $67.5 million at the time, was likely made to cover expenses, according to Ki Young Ju, founder and CEO of on-chain data and analytics platform CryptoQuant.<\/p>\n

The sale is the largest OTC (over-the-counter) trade volume recorded since late March.<\/p>\n

Bitcoin<\/strong> miners have been struggling since the halving event on April 20, which cut the block reward in half, causing production costs to double. Marathon is known for holding a large portion of its Bitcoin<\/strong> and is not expected to make sales other than to cover expenses.<\/p>\n

Bitcoin<\/strong> is currently trading at $67,479, according to CoinGecko data.<\/p>\n

\n
\n

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don\u2019t forget to follow us on\u00a0Telegram<\/strong><\/a>,\u00a0YouTube<\/strong><\/a>\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0for the latest\u00a0news<\/a> and updates.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Marathon Digital, one of the world’s largest Bitcoin mining companies, has sold 1,000 Bitcoin in the past three months, according to data from CryptoQuant. The sale, which was worth approximately $67.5 million at the time, was likely made to cover expenses, according to Ki Young Ju, founder and CEO of on-chain data and analytics platform<\/p>\n","protected":false},"author":1,"featured_media":17556,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[61,4077,3939,4328,3880],"class_list":["post-22687","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bitcoin","tag-bitcoin-miners","tag-cryptoquant","tag-ki-young-ju","tag-marathon-digital"],"yoast_head":"\nWorld's Largest Bitcoin Miner Sells 1,000 Bitcoin in Three Months - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/worlds-largest-bitcoin-miner-sells-1000-bitcoin-in-three-months\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World's Largest Bitcoin Miner Sells 1,000 Bitcoin in Three Months - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Marathon Digital, one of the world’s largest Bitcoin mining companies, has sold 1,000 Bitcoin in the past three months, according to data from CryptoQuant. 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