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Image Credit: Cryptoslate

Marathon and Hut 8 scoop up $1.6 billion worth of Bitcoin during market dip

  • Marathon Digital Holdings and Hut 8 have purchased $1.6 billion worth of Bitcoin during a market dip.
  • Marathon bought 15,574 BTC for approximately $1.53 billion, increasing their total holdings to 44,394 BTC.
  • Hut 8 acquired 990 BTC for $100 million, bringing their total reserves to 10,096 BTC.
  • These purchases were made following a market decline caused by a US Federal Reserve rate adjustment.

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