Aoyon Ashraf is managing editor with more than a decade of experience in covering equity markets
miner Marathon Digital will stash some of its digital assets with Fidelity Digital Asset, adding a second custody partner in an attempt to diversify.Wednesday."As part of its broader treasury management strategy," the company added, it has"added a new, enterprise-grade custodian as its second custodian."Marathon said it may expand even further and add more custodians. The company had 13,726 bitcoin as of Sept.
Custody plays a key role in crypto and other markets. Firms that don't want to store their own digital assets like BTC can entrust them with a third party. Having more than one company doing that ensures that if a single provider runs into trouble, at least all of your assets won't be lost., have been targeted by hackers that stole some digital assets. In the case of Fortress Trust, the theft spurred the custodian to try toThe miner's stock was up 1.3% in post-market trading.
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