Marathon Digital Boosts #Bitcoin Holdings ๐ทโ๏ธ
Marathon Digital, a major player ๐ณ๐ฆ in the $BTC mining industry, has significantly expanded its bitcoin reserves. The company recently raised $249 million through a convertible note offering and used the proceeds to purchase approximately 4,144 bitcoins at an average price of $59,500 per coin. ๐ป๐
This acquisition brings Marathon's total bitcoin holdings to over 25,000 #BTC , solidifying its position as one of the largest corporate holders of the cryptocurrency. โ๏ธ๐
The move demonstrates Marathon's continued confidence in bitcoin as a long-term investment and its commitment to growing its digital asset holdings. ๐๐
What do you think about Marathon's strategy of increasing its bitcoin holdings? Is this a smart move for the company? ๐คDYOR! #MarketDownturn