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Fidelity Bought A 7.4% Stake In Marathon Digital Through Four Funds

Mary Liu

Summary: Fidelity has purchased a 7.4% stake in Bitcoin mining company Marathon Digital Holdings through four index funds, including Fidelity Expanded Market Index Fund (FSMAX), Fidelity Nasdaq Composite Index Fund (FNCFX), Fidelity All Market Index Fund (FSKAX), and Fidelity Series Full Market Index Fund (FCFMX), as Forbes reported.  The article said that the total market value ...

Fidelity has purchased a 7.4% stake in Bitcoin mining company Marathon Digital Holdings through four index funds, including Fidelity Expanded Market Index Fund (FSMAX), Fidelity Nasdaq Composite Index Fund (FNCFX), Fidelity All Market Index Fund (FSKAX), and Fidelity Series Full Market Index Fund (FCFMX), as Forbes reported. 

The article said that the total market value of these funds is $170 billion. Although each fund holds a small percentage of Marathon shares, many of them are popular with retirement accounts. 

By Mary Liu

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