Marathon Digital Acquires 6,474 Bitcoin in November, Reserves $160M for Future Purchases 💰
Marathon Digital Holdings made significant strides in increasing their Bitcoin reserves in November 2023, acquiring an impressive 6,474 BTC. This includes an additional 703 BTC, expanding their portfolio to an overall holding of 34,794 BTC, valued at approximately $3.3 billion.
To fund this purchase, Marathon raised $1 billion through zero-interest convertible notes, a strategic financial move that underlines their commitment to expanding their digital asset portfolio. This positions the company as the second-largest Bitcoin holder among public companies, right after MicroStrategy.
The accumulation of Bitcoin among public companies has grown considerably, with total holdings jumping from 272,774 BTC to 508,111 BTC. Marathon's remaining cash reserve of $160 million signals their potential for further acquisitions, underpinning their strategy to cement a strong position in the cryptocurrency market.
समान लेख
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