尽管比特币减半，机构投资者仍加倍押注马拉松数字

Institutional Investors Double Down on Marathon, Despite Bitcoin Halving

尽管比特币减半，机构投资者仍加倍押注马拉松

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.

机构投资者是否对比特币的未来下了大注？看起来确实如此，因为他们一直在稳步增持全球最大的公开交易的比特币矿业公司马拉松数字控股公司（MARA）的股票。

Who's Buying?

谁在购买？

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、摩根士丹利和道富银行位列前五名机构股东之列，合计持有马拉松超过 22% 的流通股。最大股东先锋集团 (Vanguard) 持有 8.76% 的股份。

Why the Interest?

为什么有兴趣？

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.

机构认识到马拉松在比特币挖矿领域的主导地位及其未来增长的潜力。该公司 55.8 亿美元的市值使其在全球最有价值公司中排名第 2,468 位。

Market Performance

市场业绩

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股票表现良好，3月22日收盘价为20.87美元，同比上涨146.69%。不过，近期该股出现了一些波动，盘中下跌了4.18%。

The Halving Effect

减半效应

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.

即将到来的四月份比特币减半将使矿工的区块补贴减少一半。这可能会对 Marathon 的收入产生重大影响，因为其当前收入的 98% 以上来自集体补贴。

Challenges for Miners

矿工面临的挑战

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.

减半对比特币矿业公司来说是一个挑战，因为他们的收入将减少。 MARA 的股价可能反映了这一点，因为它与比特币的价格存在一定的相关性。

Institutional Influence

机构影响力

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.

机构投资者在马拉松中持有大量股份表明他们对比特币长期价值的看好前景。他们的参与增强了华尔街对比特币安全和共识机制的影响力。

Conclusion

结论

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.

机构投资者对马拉松和其他比特币挖矿公司的兴趣日益浓厚，凸显了他们对数字资产未来的信心。然而，即将到来的减半给矿工带来了挑战，因为这可能会减少他们的收入。尽管如此，机构支持仍然强劲，表明他们对比特币的长期前景充满信心。