Marathon Digital Adds Fidelity as Second Bitcoin Custodian for Improved Security
-
Marathon Digital will store some of its bitcoin with Fidelity Digital Assets, adding a second custody partner for diversification.
-
Marathon previously kept all of its bitcoin with a single custodian.
-
The company may add more custodians beyond Fidelity as part of its treasury management strategy.
-
Marathon had over 13,000 bitcoin as of September 30 and is producing over 1,000 more per month.
-
Having multiple custodians ensures assets are not all lost if a single provider is hacked.