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Crypto miner Marathon Patent Group pours $150 million into bitcoin as the token pulls back from record highs

Crypto miner Marathon Patent Group pours $150 million into bitcoin as the token pulls back from record highs
wdaniel@businessinsider.com (Will Daniel)
© NurPhoto/Getty Images
Bitcoin miners are seeing gold despite the cryptocurrency's recent fall. NurPhoto/Getty Images
Marathon Patent Group announced the purchase 4,812.66 BTC on Monday.
The transaction, handled by NYDIG, was worth $150 million.
By the end of the first quarter of 2022, bitcoin miner Marathon expects to own and operate over 100,000 bitcoin miners.
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Cryptocurrency miner Marathon Patent Group announced on Monday it purchased $150 million of bitcoin after the cryptocurrency fell from historic highs of over $40,000.
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The company bought 4,812.66 BTC at an implied average price of $31,167.79 per coin in the transaction, which was enabled by NYDIG, a leading technology, and financial services firm dedicated to bitcoin.

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Marathon Patent Group buys $150 million of bitcoin as token dips

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Cryptocurrency miner Marathon Patent Group announced on Monday it purchased $150 million of bitcoin after the cryptocurrency fell from historic highs of over $40,000.
The company bought 4,812.66 BTC at an implied average price of $31,167.79 per coin in the transaction, which was enabled by NYDIG, a leading technology, and financial services firm dedicated to bitcoin.
"By purchasing $150 million worth of bitcoin, we have accelerated the process of building Marathon into what we believe to be the de facto investment choice for individuals and institutions who are seeking exposure to this new asset class," said Merrick Okamoto, Marathon's chairman & CEO.
"We also believe that holding part of our Treasury reserves in bitcoin will be a better long-term strategy than holding US Dollars, similar to other forward-thinking companies like MicroStrategy."

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Bitcoin falls back below $32,000 as prices struggle to find steady support

Bitcoin fell back below the $32,000 support level on Sunday as the cryptocurrency's trading range narrowed further. The token has steadily fallen from its

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Janet Yellen leaves door open to tax increase on wealthy Americans

Biden’s Treasury secretary pick promised to “work with members of Congress” to decide whether the HNW will be protected from any reversal of Trump tax cuts.

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Grassley Warns Biden: Don't Exploit Pandemic to Push Big Government Takeover of Economy

Chuck Grassley warned Biden not to exploit the pandemic to push a laundry list of liberal causes, warning of a big government take-over of the U.S. economy.

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Biden's pick for US Treasury leaves door open to wealth tax hike | Business and Economy News

Janet Yellen also sees no immediate lifting of China tariffs, adds that polluters should pay for carbon emissions.

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Yellen leaves door open to tax increase on wealthy

Yellen leaves door open to tax increase on wealthy
accountingtoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from accountingtoday.com Daily Mail and Mail on Sunday newspapers.

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Biden's Nieces! Bernie's Mittens! All of Michelle Obama! The Altogether Thrilling Fashion of the Inauguration, Reviewed

Biden’s Nieces! Bernie’s Mittens! All of Michelle Obama! The Altogether Thrilling Fashion of the Inauguration, Reviewed
Slate
1/21/2021
Heather Schwedel
© Provided by Slate
President Joe Biden and Vice President Kamala Harris with Lady Gaga. Photo by Andrew Harnik/POOL/AFP via Getty Images
Joe Biden’s inauguration isn’t just a relief in terms of politics. It’s also a relief in terms of style: After four years of Scotch-taped ties and generally upsetting aesthetics, we can finally expect some more appealing visuals. At Biden’s swearing-in ceremony on Wednesday, he, along with Vice President Kamala Harris, their families, and other attendees, gave us our first official glimpse at what the fashion of the Biden years might have in store. And it was pretty spectacular, honestly.

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Inauguration fashion: Kamala Harris, Michelle Obama, Lady Gaga, Bernie's mittens, and a whole lot more fashion triumphs, reviewed.

Joe Biden’s inauguration isn’t just a relief in terms of politics. It’s also a relief in terms of style: After four years of Scotch-taped ties and generally upsetting aesthetics, we can finally expect some more appealing visuals. At Biden’s swearing-in ceremony on Wednesday, he, along with Vice President Kamala Harris, their families, and other attendees, gave us our first official glimpse at what the fashion of the Biden years might have in store. And it was pretty spectacular, honestly.
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President Joe Biden wore an understated navy suit and overcoat, both by Ralph Lauren, but no surprises here: The women’s outfits were far more worthy of discussion. First lady Jill Biden, in a turquoise-y blue coat and matching dress by Markarian, an up-and-coming American label, partook in one of the big trends of the day, dressing monochromatically. As notable as all the head-to-toe looks in one color were, each woman was able to put her own spin on it, and Jill’s, with her textured wool and darker collar and cuffs, had a touch of fairy godmother–from–

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Yellen leaves door open to tax increase on wealthy Americans

Yellen leaves door open to tax increase on wealthy Americans
Saleha Mohsin and Jenny Leonard
Bloomberg
Treasury Secretary-designate Janet Yellen refrained from making specific pledges on boosting individual tax rates in responses to questions from U.S. senators, pledging only to work with lawmakers on the issue of whether households earning up to $400,000 a year would face increased levies under Biden administration proposals.
In responses running more than 100 pages, Yellen, who awaits Senate approval for to the post, answered follow-up questions on a wide range of subjects from Senate Finance Committee members submitted after her confirmation hearing before the panel on Tuesday. The document was obtained by Bloomberg News.

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