With the growing popularity of Bitcoin reserve strategies, Marathon Digital has acquired 700 BTC

Marathon is currently the second-largest corporate Bitcoin holding with 34,794 BTC, which is worth $3.3 billion.

Of the $1 billion that Marathon managed to raise, $160 million may be used for future Bitcoin purchases.

Marathon and MicroStrategy were the top two public corporations that contributed 143,800 BTC in November.

With an additional 703 BTC added to their total of 6,474 BTC in November, Marathon Digital (MARA) further cemented its position as a prominent corporate Bitcoin holder.

The second-largest corporate Bitcoin holder, after MicroStrategy, is Marathon, with about 34,794 BTC and a value of $3.3 billion. While MicroStrategy owns 1.8% of Bitcoin, Marathon only has 0.16 percent.


In tandem with its Bitcoin strategy, Marathon raised $1 billion via a zero-interest convertible senior note issue. From the $980 million in net profits, the corporation repurchased $200 million worth of its 2026 notes and put aside $160 million to buy more Bitcoin at better rates.

As the use of Bitcoin increases, Marathon's stock price surges.
The statement sparked a strong reaction from the market, sending Marathon's share price up about 8% on Wednesday and adding 14% to the company's performance so far this year.

Investing in Bitcoin as a reserve asset is becoming more common among publicly listed firms, and Marathon is no exception.

Public firms are currently holding growing quantities of Bitcoin in 2024, according to data from Bitcoin Treasuries. The total quantity of Bitcoin held by these firms increased from 272,774 BTC on January 1 to 508,111 BTC. November saw an addition of over 143,800 BTC, while October saw an addition of around 2,400 BTC.

In November, MicroStrategy added over 130,000 BTC to its holdings, including a record purchase last week, putting it at the forefront of this rise.

Further businesses are starting to accept Bitcoin.

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