Marathon Digital is the largest Bitcoin miner in the world. Now the company is announcing its new BTC-strategy and reveals a huge Bitcoin reserve.

Marathon Digital is the largest mining-company in the world and is valued at $5.75 billion on the stock market.

Now it is announcing a bullish Full-Hodl strategy and a big BTC buyback. In a new X-post writes Marathon CEO Fred Thiel: "Today, Marathon is proud to announce that to strengthen our strategy [...] we purchased BTC worth $100 million last month and will now fully commit to HODL."

The mining giant wants to use BTC as a strategic reserve, with "Full Hodl" in Bitcoin meaning nothing more than "hold for life." Not surprisingly, the Marathon CEO tagged permabull Michael Saylor in the aforementioned X-post.

Meanwhile, the leading cryptocurrency is trading at $67.373, putting it 4.8% in the green. Compared to the previous week, the BTC price rose about 5.6%.

Particularly interesting: In a statement the mining company simultaneously announced that due to the recent after-buy, it already has more than 20,000 Bitcoin worth nearly $1.3 billion on its balance sheet and is looking to buy more.

"We believe Bitcoin is the best reserve asset in the world, and support the idea of sovereign wealth funds holding BTC," Fred Thiel explained. And further, "We encourage governments and companies to keep Bitcoin as a reserve asset." For several days now, there has been a rumor in the crypto scene that former President Donald Trump will announce at the upcoming Bitcoin Conference in Nashville that Bitcoin will become the reserve asset of the US.

Marathon's support he would apparently have. While other mining companies capitulated, Marathon Digital held on to its Bitcoin despite the falling BTC price in June.