儘管比特幣減半，機構投資者仍加倍押注馬拉松數字

Institutional Investors Double Down on Marathon, Despite Bitcoin Halving

儘管比特幣減半，機構投資者仍加倍押注馬拉松

Are institutional investors betting big on Bitcoin's future? It seems so, as they've been steadily accumulating shares in Marathon Digital Holdings (MARA), the world's largest publicly traded Bitcoin mining company.

機構投資者是否對比特幣的未來下了大注？看起來確實如此，因為他們一直在穩步增持全球最大的公開交易的比特幣礦業公司馬拉松數位控股公司（MARA）的股票。

Who's Buying?

誰在購買？

Vanguard, BlackRock, Jane Street, Morgan Stanley, and State Street are among the top five institutional shareholders, collectively holding over 22% of Marathon's outstanding shares. Vanguard, the largest holder, owns a hefty 8.76%.

Vanguard、BlackRock、Jane Street、摩根士丹利和道富銀行位列前五名機構股東之列，合計持有馬拉松超過 22% 的流通股。最大股東先鋒集團 (Vanguard) 持有 8.76% 的股份。

Why the Interest?

為什麼有興趣？

Institutions recognize Marathon's dominance in Bitcoin mining and its potential for future growth. The company's $5.58 billion market cap makes it the 2,468th most valuable company globally.

機構認識到馬拉鬆在比特幣挖礦領域的主導地位及其未來成長的潛力。該公司 55.8 億美元的市值使其在全球最有價值公司中排名第 2,468 位。

Market Performance

市場業績

MARA stock has performed well, closing at $20.87 on March 22, up 146.69% year-over-year. However, it has faced some volatility lately, losing 4.18% intraday.

MARA股票表現良好，3月22日收盤價20.87美元，較去年同期上漲146.69%。不過，近期該股出現了一些波動，盤中下跌了4.18%。

The Halving Effect

減半效應

The upcoming Bitcoin halving in April will cut the block subsidy for miners by half. This could significantly impact Marathon's revenue, as over 98% of its current revenue comes from block subsidies.

即將到來的四月比特幣減半將使礦工的區塊補貼減少一半。這可能會對 Marathon 的收入產生重大影響，因為其當前收入的 98% 以上來自集體補貼。

Challenges for Miners

礦工面臨的挑戰

The halving presents a challenge for Bitcoin mining companies, as their revenue will be reduced. MARA's stock price may reflect this, as it has shown some correlation to Bitcoin's price.

減半對比特幣礦業公司來說是一個挑戰，因為他們的收入將會減少。 MARA 的股價可能反映了這一點，因為它與比特幣的價格有一定的相關性。

Institutional Influence

機構影響力

Institutional investors' significant stake in Marathon indicates their bullish outlook on Bitcoin's long-term value. Their involvement strengthens Wall Street's influence on Bitcoin's security and consensus mechanism.

機構投資者在馬拉松中持有大量股份顯示他們對比特幣長期價值的看好前景。他們的參與增強了華爾街對比特幣安全和共識機制的影響力。

Conclusion

結論

Institutional investors' growing interest in Marathon and other Bitcoin mining companies highlights their belief in the future of digital assets. However, the upcoming halving poses a challenge for miners, as it could reduce their revenue. Despite this, institutional support remains strong, signaling their conviction in Bitcoin's long-term prospects.

機構投資者對馬拉松和其他比特幣挖礦公司的興趣日益濃厚，凸顯了他們對數位資產未來的信心。然而，即將到來的減半給礦工帶來了挑戰，因為這可能會減少他們的收入。儘管如此，機構支持仍然強勁，表明他們對比特幣的長期前景充滿信心。