Marathon Digital Holdings, a U.S.-based Bitcoin mining company, has strengthened its position in the cryptocurrency market by acquiring an additional 1,300 BTC. This strategic purchase follows a brief spike in Bitcoin's price, which hit above $100,000 before stabilizing at $99,200.

Marathon's acquisition has propelled it to the position of the second-largest corporate Bitcoin holder worldwide. It now trails only behind industry leader MicroStrategy in terms of Bitcoin holdings, as reported by blockchain analysis platform Lookonchain and CoinGecko data.

This move underscores Marathon's aggressive strategy in expanding its cryptocurrency portfolio, reflecting the company's optimism about Bitcoin's long-term potential despite the recent volatility in the market. The acquisition aligns with its ongoing efforts to capitalize on favorable market conditions.