Bitcoin mining company Marathon plans to custody some of its Bitcoin (BTC) with Fidelity Digital, according to a statement by Marathon CFO Salman Khan. The company currently has over 13,000 BTC and is producing more than 1,000 per month. By diversifying its custody across multiple providers, Marathon aims to mitigate the risk of losing all assets in case of trouble with a single custodian. Marathon’s stock has risen 116% this year, outperforming Bitcoin’s 71% increase.
AI Sentiment: Positive
