February 27, 2018 AntoniusP8

Marathon Patent Group Acquires Blockchain and Cryptocurrency Patents

According to a press release, Marathon Patent Group (Nasdaq:MARA), announced early in 2018 that it has entered into a purchase agreement to acquire four patents related to the transmission and exchange of cryptocurrencies between buyers and sellers.

Merrick Okamoto, Marathon’s Interim Chief Executive Officer stated, “Given our proficiency in identifying and acquiring important intellectual property, we believe that these patents afford us a unique and leverageable position, in addition to complementing our efforts as we enter into the digital asset and cryptocurrency business.”

As with any new and emerging technology the Company’s efforts to enter into businesses involving digital asset mining and cryptocurrency patent licensing and enforcement is subject to significant risk and we may not be successful.