Marathon Breaks Revenue Records with $752M Bitcoin Mining Haul as BTC Hits New Heights
Marathon Holdings, previously known as Marathon Digital, has hit a historic milestone, posting its highest-ever revenue from Bitcoin mining thanks to a recent price rally. On May 27, Marathon’s annualized revenue from mining operations surged past $752 million, as per data from CryptoQuant. This marks the company’s most profitable day to date. With its market […]
Trump Media Denies $3B Crypto Investment Rumors
Trump Media & Technology Group — the firm behind Truth Social, linked to former U.S. President Donald Trump — has dismissed claims that it’s planning to raise $3 billion to invest in Bitcoin and other cryptocurrencies. On May 26, the Financial Times published a story citing six unnamed sources who claimed the company was preparing […]
Michael Saylor Criticizes Onchain Proof-of-Reserves, Citing Security Concerns
Michael Saylor, executive chairman of Bitcoin-focused firm Strategy (formerly MicroStrategy), has voiced strong opposition to institutions publicly sharing onchain proof-of-reserves, calling it a security risk. Speaking at a May 26 event held alongside the Bitcoin 2025 conference in Las Vegas, Saylor said the typical approach to disclosing reserves onchain is flawed. “The conventional method for […]