Marathon Digital Holdings Acquires 5,771 Bitcoin in Major Investment 🚨
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According to BlockBeats, Marathon Digital Holdings, a leading cryptocurrency mining company, announced a major Bitcoin acquisition on November 23.
The company invested $550 million to purchase 5,771 Bitcoin at an average price of $95,554 per Bitcoin. This acquisition brings Marathon’s total Bitcoin holdings to approximately 33,875 Bitcoin. 🚀
Based on the current spot price of Bitcoin at $99,000, Marathon’s total Bitcoin holdings are valued at approximately $3.4 billion. 🚀💥
This major investment comes on the heels of Marathon’s recent financial maneuver, as reported by BlockBeats on November 21. The company has successfully completed a $1 billion convertible bond financing, 💯🚨
which likely facilitated the large-scale purchase of Bitcoin. Marathon Digital Holdings continues to position itself as a major player in the cryptocurrency mining industry, leveraging its financial resources to expand its Bitcoin reserves.
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The company’s strategic investments reflect its confidence in the long-term value of Bitcoin and its commitment to maintaining a strong presence in the digital asset market
