Fidelity Buys 7.4% Stake In Bitcoin Miner Marathon

Bitcoin Magazine

​Multinational financial services corporation Fidelity Investments purchased a 7.4% stake in Marathon Digital Holdings, a prominent bitcoin mining operator in North America, reported Forbes. Fidelity spent $20 million on the shares and will reportedly spread them across four broad index-based funds that combined have a market capitalization of $170 billion.

The four index funds, popular in retirement accounts, are Fidelity Extended Market Index Fund (FSMAX), Fidelity Nasdaq Composite Index Fund (FNCFX), Fidelity Total Market Index Fund (FSKAX), and Fidelity Series Total Market Index Fund (FCFMX).

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