Marathon Digital, one of the largest Bitcoin (BTC) miners, will work with Fidelity Digital Assets to store some of its cryptocurrencies.
In the statement made by Marathon yesterday, “As Marathon, we have received service from a single organization to store our Bitcoins throughout history. “We have agreed with a second custodian (serving) at the corporate level to manage our treasury more comprehensively.” It was said.
In their reserves 13,726 Bitcoins Marathon is among the largest cryptocurrency miners. on the moon out of 1,000 Marathon, which produces more Bitcoins, last month 1,242 Bitcoins produced more.
Marathon may start working with different custodians to receive custody services in the future. Marathon CFO Salman Khan said, “We believe this is an opportune time to diversify by spreading the Bitcoins we hold across different custodians.” said.
Companies can use the Bitcoins they own on their own. when they don’t want to hide can receive custody services from another organization. Companies that diversify their assets by working with more than one custodian avoid risking all of their assets in case one of the custodians they receive service experiences a problem.