00:00 Speaker A
Now, the next story today, a lot of these are going to be quick highlights on things I’ve discussed before. Bitcoin miner Marathon sold 1.5 billion of Bitcoin as it shifts towards AI infrastructure. Now,
00:11 Speaker A
we knew that this was coming, but seeing it in their quarterly earnings really uh showed you exactly what Bitcoin miner is going to have to do. You might remember last year, Bitcoin miner Marathon, uh trading under MARA,
00:25 Speaker A
they tried to follow the Sailor strategy. They raised a convertible note, said they were going to become a Bitcoin Treasury company, buy more Bitcoin. But what they’ve actually done here is pay off their credit lines, pay off their convertible notes, which they did uh to their credit at a discount and sell off a large portion of their Bitcoin so that they can invest more heavily into AI infrastructure.
00:44 Speaker A
They’re not going to buy any more Bitcoin mining equipment, they said.
00:49 Speaker A
So this is a very interesting nuance right here. Bitcoin miners are no longer Bitcoin miners, they are AI companies that will also mine Bitcoin.
00:59 Speaker A
Now Sailor floated the idea of selling some Bitcoin last week on my show, you heard it here first.
01:04 Speaker A
But uh Fred Thiel, the CEO of Marathon, he went ahead and did it. So this is the biggest Bitcoin miner in America selling their Bitcoin and moving wholesale into infrastructure.
