Bitcoin
$43,812.10+3.87%
Ethereum
$3,089.02+5.32%
XRP
$0.984561+5.79%
Cardano
$2.22+4.91%
Polkadot
$30.96+8.82%
Stellar
$0.294891+5.96%
Dogecoin
$0.221201+5.46%
Chainlink
$23.92+4.08%
Uniswap
$21.10+4.52%
Polygon
$1.20+6.08%
Algorand
$1.88+11.80%
Cosmos
$39.81+22.61%
Litecoin
$159.62+3.27%
Bitcoin Cash
$539.54+2.86%
Wrapped Bitcoin
$43,828.80+4.02%
Filecoin
$73.15+3.35%
The Graph
$0.720346+3.74%
Tron
$0.097331+6.15%
Ethereum Classic
$50.29+4.52%
Tezos
$5.77+16.43%
Aave
$299.27+4.54%
Monero
$247.55+9.73%
NEO
$42.53+7.75%
EOS
$4.26+4.25%
IOTA
$1.37+3.28%
BitTorrent
$0.003447+4.70%
Bitcoin SV
$143.89+1.31%
Maker
$2,507.40+4.37%
Waves
$24.16+0.79%
Dash
$180.63+10.14%
Decentraland
$0.717082+8.07%
Decred
$116.44+5.36%
ICON
$1.63+6.50%
NEM
$0.159101+5.80%
Zcash
$120.60+4.07%
OmiseGO
$9.52+8.21%
Paxos Standard
$1.00+0.00%
Yearn Finance
$30,560.59+4.53%
NuCypher
$0.286115+1.85%
Qtum
$10.51+7.41%
Basic Attention Token
$0.692144+7.73%
Bitcoin Gold
$54.69+4.55%
0x
$0.960143+9.30%
Bancor
$3.59+3.75%
Fetch.ai
$0.714124+10.62%
Ren
$0.801678+3.75%
Kava.io
$5.41+1.03%
Siacoin
$0.015951+6.38%
Band Protocol
$7.76+6.64%
Nano
$4.92+6.63%
Loopring
$0.403029+3.75%
Storj
$1.14+5.06%
Numeraire
$42.89+1.34%
Lisk
$3.03+4.84%
Civic
$0.422649+2.66%
Orchid
$0.348567+5.27%
PAX Gold
$1,779.80-0.19%
Enzyme
$152.27+0.14%
Augur
$22.07+8.23%
Aragon
$5.04+4.40%
district0x
$0.154930+5.10%
Kyber Network
$1.53+4.79%
SingularDTV
$0.001383+3.17%
Tether
$1.00+0.05%
USD Coin
$1.00+0.03%
Dai
$1.00+0.03%

Fidelity Takes 7.4% Stake in Marathon Digital

The investment reflects growing institutional and individual interest in investing in crypto-related companies.

Aug 5, 2021 at 4:36 p.m. UTC
Updated Sep 14, 2021 at 1:36 p.m. UTC

Mutual fund giant Fidelity Investments has acquired a 7.4% stake in crypto miner Marathon Digital Holdings for about $20 million, according to a Forbes report

  • The investment was made on July 22 and was spread across four index-based funds, including 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).
  • Fidelity is one of the largest financial services companies in the world, with almost $5 trillion in assets under management and more than 35 million clients.
  • The investment reflects the growing institutional and individual interest in investing in crypto-related companies. Several other large institutional firms  have large stakes in Marathon, including Vanguard (7.58%), Susquehanna (2.7%) and BlackRock (1.59%), according to Forbes. 
  • Shares of Marathon were up more than 4% on Thursday, potentially on the Fidelity news. Shares of Marathon are up well over 600% over the past year.  
  • Marathon said this week it increased its generation of bitcoin by 66% in July. 

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Loading...