Bitcoin miner MarathonDH said it has $142 million in cash deposits with Signature Bank. egreechee reports
Signature was the third bank with ties to the crypto industry to collapse in one week, after Silvergate Bank's voluntary liquidation and Silicon Valley Bank's shutdown by U.S. regulators.
Marathon"has access to its funds for treasury management purposes and is paying all invoices in the normal course of business," it said in a . It also holds more than 11,000 bitcoins, giving it"financial optionality that extends beyond the traditional banking system."
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