Marathon Digital Strengthens Its Bitcoin Holdings with Acquisition of 6474 BTC
Marathon Digital has made a significant move by acquiring 6474 Bitcoin in November 2023. This purchase occurred through a $1 billion zero-interest note sale. With this acquisition, Marathon Digital has secured $160 million in cash earmarked for future purchases. This positions the company as the second-largest corporate holder of Bitcoin with a total of 34,794 BTC. The planned purchases signal Marathon’s strong commitment to expanding its Bitcoin holdings. This strategic acquisition reflects their confidence in the long-term value of Bitcoin. As institutional interest grows, companies like Marathon Digital are likely to continue increasing their cryptocurrency portfolios in the coming months.
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