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📢 Bitcoin Mining Firm MARA Proposes Increase in Authorized Shares 💎📈
According to Odaily, Bitcoin mining company MARA announced on the X platform that its board of directors plans to amend the company's charter to increase the number of authorized shares from 500 million to 800 million.
Why This Matters:
The decision follows extensive discussions with advisors and aligns with industry trends.
If approved, this move will provide MARA with greater flexibility to leverage market conditions, pursue financing, and seize acquisition opportunities.
This strategic adjustment highlights MARA's commitment to adapting and growing within the ever-evolving crypto industry. 🌐🚀
#MARA #BitcoinMining #CryptoNews #Blockchain #Finance 💰⛏️📊
$BTC
According to Odaily, Bitcoin mining company MARA announced on the X platform that its board of directors plans to amend the company's charter to increase the number of authorized shares from 500 million to 800 million.
Why This Matters:
The decision follows extensive discussions with advisors and aligns with industry trends.
If approved, this move will provide MARA with greater flexibility to leverage market conditions, pursue financing, and seize acquisition opportunities.
This strategic adjustment highlights MARA's commitment to adapting and growing within the ever-evolving crypto industry. 🌐🚀
#MARA #BitcoinMining #CryptoNews #Blockchain #Finance 💰⛏️📊
$BTC
Midday News Update #Web3
🌐 Eliza ecosystem surpasses 45K partners, managing over $25M in assets with 2,000+ forked projects, according to elizaos.ai.
🏛 Senator Cynthia Lummis meets SEC Chair nominee Paul Atkins to discuss digital asset legislation and reforms, hinting at changes with an “Atkins diet” quip.
📊 Bitcoin unlikely to see sharp drops as exchange selling diminishes, with $BTC liquidity reserves shrinking from 41 to 6.5 months, says Bitfinex analyst.
🚀 Nexo reports $BTC and $ETH poised for growth in 2025, but Solana’s outlook remains uncertain amid market volatility and token unlocks.
⚒️ Public Bitcoin miners diversify into AI and increase $BTC reserves, with #MARA , #RIOT , and Hut 8 leveraging borrowed funds to expand holdings.
🌐 Eliza ecosystem surpasses 45K partners, managing over $25M in assets with 2,000+ forked projects, according to elizaos.ai.
🏛 Senator Cynthia Lummis meets SEC Chair nominee Paul Atkins to discuss digital asset legislation and reforms, hinting at changes with an “Atkins diet” quip.
📊 Bitcoin unlikely to see sharp drops as exchange selling diminishes, with $BTC liquidity reserves shrinking from 41 to 6.5 months, says Bitfinex analyst.
🚀 Nexo reports $BTC and $ETH poised for growth in 2025, but Solana’s outlook remains uncertain amid market volatility and token unlocks.
⚒️ Public Bitcoin miners diversify into AI and increase $BTC reserves, with #MARA , #RIOT , and Hut 8 leveraging borrowed funds to expand holdings.
MARKET MOVING NEWS
🔔 MARKET MOVING NEWS! (06/01/25)
1️⃣ MARA Says 16% Of Its BTC Reserves Has Been Loaned To Third Parties For 'Modest' Yield 💰
#MARA
In MARA Holdings’ December 2024 production update, the Bitcoin miner disclosed the existence of short-term third-party loans intended to generate a modest yield for the company. Specifically, MARA revealed that 7,377 BTC (16.4% of its BTC reserves) was currently deployed in short-term third-party loans to generate additional yield for shareholders. Robert Samuels, MARA's vice president of investor relations, claimed that the lending program has been active throughout 2024. However, the identity of the borrowers was not disclosed. The production update also revealed that the company bought 22,065 BTC at an average price of $87,205 and mined 9,457 BTC in 2024. This brings its reserves to a total of 44,893 BTC (worth over $4.4 billion at current prices).
2️⃣ Metaplanet Eyes Upping Bitcoin Holdings To 10K BTC In 2025 💸
#
According to a Jan. 5 X post by Metaplanet CEO Simon Gerovich, the Japan-based venture capital firm plans to expand its Bitcoin stash to 10,000 BTC in 2025. Notably, this represents more than a five-fold increase from its current holdings of 1,762 BTC (worth $173.4 million). Gerovich stated that the firm plans to do this “by utilising the most accretive capital market tools available.” He also stated that the move is part of a plan to “grow Metaplanet’s impact in Japan and the Bitcoin ecosystem.” According to BitcoinTreasuries.NET data, Metaplanet is the largest corporate Bitcoin holder in Asia and has the 15th largest Bitcoin holdings among publicly listed companies.
3️⃣ Ripple CEO says 75% of Open Roles Are Now US-based Due to ‘Trump Effect' ⚡️
#RippleUpdate
In an X post on Sunday, Ripple CEO Brad Garlinghouse said that 75% of the company’s open job positions are now based in the U.S. He revealed that Ripple had been making the “vast majority” of its hires outside of the U.S. in the past four years due to the company’s years-long legal battle with the Securities and Exchange Commission. Garlinghouse also stated that the company signed more deals in the U.S. in the final six weeks of 2024 than in the previous six months.
The post reads,
2025 is here and the Trump bull market is real. For Ripple, this is even more personal after Gensler's SEC effectively froze our business opportunities here at home for years. The optimism is obvious and very deserved […] Team Trump is already jumpstarting innovation and job growth in the US with Scott Bessent, David Sacks, Paul Atkins and others at the helm, and they aren’t even in office yet! Say what you want, but the “Trump effect” is already making crypto great again – through his campaign, and in the Administration’s day 1 priorities.
4️⃣ Korea’s Jeju to Issue NFT Tourist Cards to Boost Gen Z Visitors 🔍
According to local media reports, South Korea’s Jeju Island is planning to boost visitation by issuing a "digital tourism resident card" that allows holders to enjoy various benefits such as travel subsidies. The digital tourism cards are expected to be issued in the second half of 2025 as an NFT. The island reportedly hopes the digital and NFT-based travel cards will pique the interest of millennials and Generation Z. The NFT-linked tourist cards will reportedly first undergo a trial before a slated full rollout in the second half of next 2025.
#crypto2025trens
1️⃣ MARA Says 16% Of Its BTC Reserves Has Been Loaned To Third Parties For 'Modest' Yield 💰
#MARA
In MARA Holdings’ December 2024 production update, the Bitcoin miner disclosed the existence of short-term third-party loans intended to generate a modest yield for the company. Specifically, MARA revealed that 7,377 BTC (16.4% of its BTC reserves) was currently deployed in short-term third-party loans to generate additional yield for shareholders. Robert Samuels, MARA's vice president of investor relations, claimed that the lending program has been active throughout 2024. However, the identity of the borrowers was not disclosed. The production update also revealed that the company bought 22,065 BTC at an average price of $87,205 and mined 9,457 BTC in 2024. This brings its reserves to a total of 44,893 BTC (worth over $4.4 billion at current prices).
2️⃣ Metaplanet Eyes Upping Bitcoin Holdings To 10K BTC In 2025 💸
#
According to a Jan. 5 X post by Metaplanet CEO Simon Gerovich, the Japan-based venture capital firm plans to expand its Bitcoin stash to 10,000 BTC in 2025. Notably, this represents more than a five-fold increase from its current holdings of 1,762 BTC (worth $173.4 million). Gerovich stated that the firm plans to do this “by utilising the most accretive capital market tools available.” He also stated that the move is part of a plan to “grow Metaplanet’s impact in Japan and the Bitcoin ecosystem.” According to BitcoinTreasuries.NET data, Metaplanet is the largest corporate Bitcoin holder in Asia and has the 15th largest Bitcoin holdings among publicly listed companies.
3️⃣ Ripple CEO says 75% of Open Roles Are Now US-based Due to ‘Trump Effect' ⚡️
#RippleUpdate
In an X post on Sunday, Ripple CEO Brad Garlinghouse said that 75% of the company’s open job positions are now based in the U.S. He revealed that Ripple had been making the “vast majority” of its hires outside of the U.S. in the past four years due to the company’s years-long legal battle with the Securities and Exchange Commission. Garlinghouse also stated that the company signed more deals in the U.S. in the final six weeks of 2024 than in the previous six months.
The post reads,
2025 is here and the Trump bull market is real. For Ripple, this is even more personal after Gensler's SEC effectively froze our business opportunities here at home for years. The optimism is obvious and very deserved […] Team Trump is already jumpstarting innovation and job growth in the US with Scott Bessent, David Sacks, Paul Atkins and others at the helm, and they aren’t even in office yet! Say what you want, but the “Trump effect” is already making crypto great again – through his campaign, and in the Administration’s day 1 priorities.
4️⃣ Korea’s Jeju to Issue NFT Tourist Cards to Boost Gen Z Visitors 🔍
According to local media reports, South Korea’s Jeju Island is planning to boost visitation by issuing a "digital tourism resident card" that allows holders to enjoy various benefits such as travel subsidies. The digital tourism cards are expected to be issued in the second half of 2025 as an NFT. The island reportedly hopes the digital and NFT-based travel cards will pique the interest of millennials and Generation Z. The NFT-linked tourist cards will reportedly first undergo a trial before a slated full rollout in the second half of next 2025.
#crypto2025trens
🚀 MARA Expands Bitcoin Lending & Mining in 2024! 🚀
MARA (Marathon Digital Holdings) is set to take Bitcoin lending and mining to the next level! 📈 With major investments in infrastructure, they’re ramping up operations to deliver even more powerful and efficient results this year. 🔥
💥 More mining rigs 💰 Bigger lending opportunities 🌍 Global expansion
Get ready for a new wave of innovation in the Bitcoin space! 🌟 #MARA #Bitcoin #2024Expansion #BinanceAlphaAlert #CryptoReboundStrategy
MARA (Marathon Digital Holdings) is set to take Bitcoin lending and mining to the next level! 📈 With major investments in infrastructure, they’re ramping up operations to deliver even more powerful and efficient results this year. 🔥
💥 More mining rigs 💰 Bigger lending opportunities 🌍 Global expansion
Get ready for a new wave of innovation in the Bitcoin space! 🌟 #MARA #Bitcoin #2024Expansion #BinanceAlphaAlert #CryptoReboundStrategy
🚨MARA Update!🚀💰
🔹7,377 BTC lent out to earn yield & cover costs.
🔹Earning a modest single-digit yield.📊
🔹890 BTC mined in Dec—2nd highest since April halving.
📈Total BTC held: 44,893🏆
2nd largest public BTC holder after MicroStrategy.
#Bitcoin #MARA #CryptoNews #Mining
🔹7,377 BTC lent out to earn yield & cover costs.
🔹Earning a modest single-digit yield.📊
🔹890 BTC mined in Dec—2nd highest since April halving.
📈Total BTC held: 44,893🏆
2nd largest public BTC holder after MicroStrategy.
#Bitcoin #MARA #CryptoNews #Mining
See original
MARA Accelerates Bitcoin Lending Activities: Accumulating 44,893 BTC, Valued at 4.4 Billion USD
Bitcoin mining company MARA Holdings (formerly Marathon Digital Holdings) has just announced details about the lending program #bitcoin in the December 2024 report, with an impressive figure: 7,377 BTC has been lent, worth over 730 million USD, accounting for 16.4% of the company's total reserves.
Profit Maximization Strategy from Bitcoin Lending
Short-term agreements: #MARA execute short-term loan contracts with reputable partners, but do not disclose identities.
Profit Maximization Strategy from Bitcoin Lending
Short-term agreements: #MARA execute short-term loan contracts with reputable partners, but do not disclose identities.
🚨 TODAY: Bitcoin mining company MARA lent out 7,377 #Bitcoin to third parties in 2024 to generate yield, according to a Jan. 3 announcement from the company.
#bitcoin #btc #btcmining #MARA #MarathonDigitalHoldings
#bitcoin #btc #btcmining #MARA #MarathonDigitalHoldings
🚀 MARA Digital is set to boost its Bitcoin holdings by 2025, doubling down on the future of digital assets! Stay tuned for exciting developments in the crypto space. #BitcoinDunyamiz #CryptoNews #MARA
🚀 MARA Digital Plans to Increase Bitcoin Holdings by 2025! 🚀
MARA Digital, a leading player in the cryptocurrency mining industry, is set to ramp up its Bitcoin holdings by 2025. With their aggressive strategy, they aim to further solidify their position in the market as a top Bitcoin holder. This move reflects a growing confidence in the long-term value of Bitcoin and highlights the company's dedication to embracing the future of digital assets. 📈
Stay tuned for more updates as MARA Digital continues to make strides in the Bitcoin mining and blockchain space. #DigitalAssets #Cryptocurrency #BTC
🚀 MARA Digital Plans to Increase Bitcoin Holdings by 2025! 🚀
MARA Digital, a leading player in the cryptocurrency mining industry, is set to ramp up its Bitcoin holdings by 2025. With their aggressive strategy, they aim to further solidify their position in the market as a top Bitcoin holder. This move reflects a growing confidence in the long-term value of Bitcoin and highlights the company's dedication to embracing the future of digital assets. 📈
Stay tuned for more updates as MARA Digital continues to make strides in the Bitcoin mining and blockchain space. #DigitalAssets #Cryptocurrency #BTC
BULLISH: MARA Digital CEO says they’ll continue adding #Bitcoin to their balance sheet this year.
MARA currently holds 44,893 Bitcoin! #MARA #bitcoin #BitcoinHashRateSurge #BTCETFS $BTC
MARA currently holds 44,893 Bitcoin! #MARA #bitcoin #BitcoinHashRateSurge #BTCETFS $BTC
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MARA CEO: People will increasingly view bitcoin as an asset they want to own.
When banks start issuing loans secured by bitcoins, it will open significant liquidity for bitcoin holders, creating even greater investment opportunities.#BTC突破7万大关 #LONG: #MARA
When banks start issuing loans secured by bitcoins, it will open significant liquidity for bitcoin holders, creating even greater investment opportunities.#BTC突破7万大关 #LONG: #MARA
📊 UPDATE: MARA CEO urges retail investors to buy #Bitcoin and forget about it, citing its strong long-term growth, with $BTC falling in only 3 of the last 14 years.#BinanceAlphaAlert #MARA #BitcoinInSwissReserves #DEXVolumeRecord #BinanceAlphaAlert
Midday News Update #Web3
📜 Satoshi Action Fund co-founder confirms 13 US states are drafting ‘Strategic Bitcoin Reserve’ bills, with record #bitcoin policy a
ctivity expected in January.
📈 #Musk -themed tokens surge 5.6% in 24 hours, market cap surpassing $50B, led by $DOGE (75%) and Kekius Maximus (75.3%).
🪙 X platform's 'X Money' payment system nears launch, potentially integrating crypto tipping and payments across 39 US states.
🔗 $USDC market cap up 80% from 2023 lows, reaching $44B, with 65% of supply on #Ethereum as on-chain activity rebounds.
💸 #MARA CEO advises retail investors to buy and hold Bitcoin, citing $BTC’s long-term growth and resilience over the past 14 years.
📜 Satoshi Action Fund co-founder confirms 13 US states are drafting ‘Strategic Bitcoin Reserve’ bills, with record #bitcoin policy a
ctivity expected in January.
📈 #Musk -themed tokens surge 5.6% in 24 hours, market cap surpassing $50B, led by $DOGE (75%) and Kekius Maximus (75.3%).
🪙 X platform's 'X Money' payment system nears launch, potentially integrating crypto tipping and payments across 39 US states.
🔗 $USDC market cap up 80% from 2023 lows, reaching $44B, with 65% of supply on #Ethereum as on-chain activity rebounds.
💸 #MARA CEO advises retail investors to buy and hold Bitcoin, citing $BTC’s long-term growth and resilience over the past 14 years.
THOUGHTS ON THE MARKET 🔮📉
📈 Miner #MARA bought 15,574 $BTC worth ~$1.53 billion at an average price of $98,529 per coin. The purchase was secured by the sale of convertible bonds.
📈 Miner #HUT8 reported purchasing 968 $BTC at an average price of $101,710. The total balance exceeded $1 billion (10,096 BTC).
‼️Usually smart money sits in companies, they would not take #bitcoin on highs. Also an interesting observation, these stocks always fell before corrections! And now they are just accumulating strength in the sideways trend.
📈 Miner #MARA bought 15,574 $BTC worth ~$1.53 billion at an average price of $98,529 per coin. The purchase was secured by the sale of convertible bonds.
📈 Miner #HUT8 reported purchasing 968 $BTC at an average price of $101,710. The total balance exceeded $1 billion (10,096 BTC).
‼️Usually smart money sits in companies, they would not take #bitcoin on highs. Also an interesting observation, these stocks always fell before corrections! And now they are just accumulating strength in the sideways trend.
THOUGHTS ON THE MARKET 📊💹
Within this channel if we go down to $99000, then #alts will also fall sharply! for now, refrain from trading unless you short against the trend!
If we go up after the #FedRateCuts , then it will be easier!
$BTC has not finished growing and the distribution targets are higher! #Altacoins cannot be so low at the peak of #bitcoin !
Many are losing faith in the #AltSeason , they are already tired of waiting for a miracle phenomenon! but it cannot be at the dominance of 58-59%!
Within this channel if we go down to $99000, then #alts will also fall sharply! for now, refrain from trading unless you short against the trend!
If we go up after the #FedRateCuts , then it will be easier!
$BTC has not finished growing and the distribution targets are higher! #Altacoins cannot be so low at the peak of #bitcoin !
Many are losing faith in the #AltSeason , they are already tired of waiting for a miracle phenomenon! but it cannot be at the dominance of 58-59%!
Marathon Digital ($MARA) has acquired 15,574 $BTC for ~$1.53B at an average price of $98,529 per Bitcoin using proceeds from 0% convertible notes.
Total holdings now stand at 44,394 $BTC , valued at $4.45B as of 12/18/24.
#marathondigital #MarathonDigitalHoldings #MARA
Total holdings now stand at 44,394 $BTC , valued at $4.45B as of 12/18/24.
#marathondigital #MarathonDigitalHoldings #MARA
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🧐During the consolidation period of Bitcoin, mining companies and institutions are buying heavily, indicating a price increase?
This Monday, the influential Bitcoin mining company MARA Holdings purchased 11,774 Bitcoins at an average price of $96,000 each, totaling a staggering $1.1 billion.
On the same day, another Bitcoin mining company listed on the US stock market, Riot Platforms, also announced its financing activities, successfully raising $500 million through the issuance of convertible bonds, planning to use the funds for further Bitcoin purchases.
Against this backdrop, discussions have arisen in the market regarding a potential correction in Bitcoin prices. Some voices suggest that Bitcoin prices might pull back to the range of $77,000 to $81,000 to fill the gap in CME futures.
Opinions suggest that, although the possibility of such a price correction exists from a technical standpoint, considering the overall situation of the current market, this possibility is not widely favored.
This is because the current market's purchasing strength has been very significant. In addition to MARA Holdings and Riot Platforms, several publicly listed companies in the US, including MicroStrategy, are also actively buying Bitcoin.
Moreover, one of the world's largest asset management companies, Blackrock, is continuously increasing its Bitcoin holdings through its Bitcoin spot ETF. In summary, as more and more retail investors are attracted to the market, the purchasing power for Bitcoin is steadily increasing.
Based on the analysis of these factors, the likelihood of Bitcoin's price dropping significantly from the current level of $97,000 to the range of $77,000 to $81,000 seems relatively low.
In view of this, the market generally believes that under such strong purchasing power support, Bitcoin prices are more likely to remain at higher levels rather than experiencing a significant correction. (It may continue to consolidate within this range or break through and challenge the $100,000 mark again)
Of course, the market is always filled with uncertainty, but at least for now, market confidence and buying enthusiasm are the key factors supporting Bitcoin prices.
#比特币投资 #MARA #Riot #MicroStrateg #贝莱德
This Monday, the influential Bitcoin mining company MARA Holdings purchased 11,774 Bitcoins at an average price of $96,000 each, totaling a staggering $1.1 billion.
On the same day, another Bitcoin mining company listed on the US stock market, Riot Platforms, also announced its financing activities, successfully raising $500 million through the issuance of convertible bonds, planning to use the funds for further Bitcoin purchases.
Against this backdrop, discussions have arisen in the market regarding a potential correction in Bitcoin prices. Some voices suggest that Bitcoin prices might pull back to the range of $77,000 to $81,000 to fill the gap in CME futures.
Opinions suggest that, although the possibility of such a price correction exists from a technical standpoint, considering the overall situation of the current market, this possibility is not widely favored.
This is because the current market's purchasing strength has been very significant. In addition to MARA Holdings and Riot Platforms, several publicly listed companies in the US, including MicroStrategy, are also actively buying Bitcoin.
Moreover, one of the world's largest asset management companies, Blackrock, is continuously increasing its Bitcoin holdings through its Bitcoin spot ETF. In summary, as more and more retail investors are attracted to the market, the purchasing power for Bitcoin is steadily increasing.
Based on the analysis of these factors, the likelihood of Bitcoin's price dropping significantly from the current level of $97,000 to the range of $77,000 to $81,000 seems relatively low.
In view of this, the market generally believes that under such strong purchasing power support, Bitcoin prices are more likely to remain at higher levels rather than experiencing a significant correction. (It may continue to consolidate within this range or break through and challenge the $100,000 mark again)
Of course, the market is always filled with uncertainty, but at least for now, market confidence and buying enthusiasm are the key factors supporting Bitcoin prices.
#比特币投资 #MARA #Riot #MicroStrateg #贝莱德
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Overview of Important Overnight Developments on December 20
21:00-7:00 Keywords: #CraigWright , #MARA , #Worldcoin , #Hut8
1. President-elect Donald Trump calls for the abolition of the debt ceiling, sparking widespread market attention;
2. Craig Wright, the self-proclaimed Satoshi Nakamoto, is sentenced to 12 months in prison for allegedly forging documents, with a two-year probation;
3. The U.S. Securities and Exchange Commission (SEC) has accepted the submission of the amendment to the Franklin Crypto Index ETF, boosting market expectations;
4. MARA announces the acquisition of 15,574 bitcoins, bringing its total holdings to 44,394, with bitcoin reserves continuing to grow;
5. German regulators demand that Worldcoin delete all biometric data collected from human eyeballs, as data privacy issues continue to escalate;
6. Hut 8 surpasses Tesla to become the fourth publicly traded company to hold over 10,000 bitcoins, showcasing its ambitions in the crypto space;
7. The director of El Salvador's Bitcoin Office announces that the official Bitcoin wallet Chivo may face sale or discontinuation, with a complex market response.
21:00-7:00 Keywords: #CraigWright , #MARA , #Worldcoin , #Hut8
1. President-elect Donald Trump calls for the abolition of the debt ceiling, sparking widespread market attention;
2. Craig Wright, the self-proclaimed Satoshi Nakamoto, is sentenced to 12 months in prison for allegedly forging documents, with a two-year probation;
3. The U.S. Securities and Exchange Commission (SEC) has accepted the submission of the amendment to the Franklin Crypto Index ETF, boosting market expectations;
4. MARA announces the acquisition of 15,574 bitcoins, bringing its total holdings to 44,394, with bitcoin reserves continuing to grow;
5. German regulators demand that Worldcoin delete all biometric data collected from human eyeballs, as data privacy issues continue to escalate;
6. Hut 8 surpasses Tesla to become the fourth publicly traded company to hold over 10,000 bitcoins, showcasing its ambitions in the crypto space;
7. The director of El Salvador's Bitcoin Office announces that the official Bitcoin wallet Chivo may face sale or discontinuation, with a complex market response.
🇺🇸 #MARA Holdings Bitcoin Investment Update 🚀
🔹 Capital Raised: $1.925B via 0% convertible notes
🔹 #BTC Acquired: 15,574 BTC for ~$1.53B at ~$98,529/BTC
🔹 $BTC Yield: 22.5% QTD, 60.9% YTD
🔹 Current Holdings: 44,394 BTC, valued at $4.45B (spot price: $100,151)
🔹 Use of Proceeds: Repurchased ~$263M of 2026 convertible notes, remaining funds for BTC acquisition.
Insight: MARA’s aggressive #Bitcoin strategy signals strong bullish sentiment and ongoing accumulation.
🔹 Capital Raised: $1.925B via 0% convertible notes
🔹 #BTC Acquired: 15,574 BTC for ~$1.53B at ~$98,529/BTC
🔹 $BTC Yield: 22.5% QTD, 60.9% YTD
🔹 Current Holdings: 44,394 BTC, valued at $4.45B (spot price: $100,151)
🔹 Use of Proceeds: Repurchased ~$263M of 2026 convertible notes, remaining funds for BTC acquisition.
Insight: MARA’s aggressive #Bitcoin strategy signals strong bullish sentiment and ongoing accumulation.
See original
Bitcoin Miner MARA Purchases 1.1 Billion USD in BTC, Increases Total Reserves to Nearly 4 Billion USD
Leading U.S. Bitcoin mining company, MARA (#Marathon Digital), has announced the purchase of an additional 11,774 Bitcoin worth 1.1 billion USD, raising its total Bitcoin holdings to 40,435 BTC. The current value of this Bitcoin is estimated at nearly 4 billion USD.
Transaction Details
• MARA purchased Bitcoin at an average price of 96,000 USD/BTC.
• The transaction occurred after Bitcoin reached a historic peak of 103,607 USD last week.
• Currently, the price of Bitcoin has slightly decreased, hovering around 96,300 USD.
Comparison with Major Companies
MARA is the second largest publicly traded company holding Bitcoin in the world, only behind #microstrategy , which holds 423,650 BTC, valued at over 40 billion USD.
MARA Stock Performance
• MARA stock (ticker: MARA) is currently trading at 23 USD, down 4% for the day.
• Over the past 6 months, the stock has grown by 18%.
MARA's Business Operations
MARA specializes in Bitcoin mining, an energy-intensive activity aimed at processing transactions on the blockchain. Miners are rewarded with Bitcoin for their work, incentivizing increased accumulation and operational expansion.
Bitcoin Accumulation Trend
MARA's large Bitcoin purchase indicates strong confidence in the long-term potential of this asset, despite short-term volatility. This continues to reinforce the role of Bitcoin in the investment portfolios of large public companies.
📌 Conclusion: The large BTC purchase by #MARA not only affirms optimism for the future of Bitcoin but also contributes to shaping the financial strategies of businesses in the cryptocurrency era.
Leading U.S. Bitcoin mining company, MARA (#Marathon Digital), has announced the purchase of an additional 11,774 Bitcoin worth 1.1 billion USD, raising its total Bitcoin holdings to 40,435 BTC. The current value of this Bitcoin is estimated at nearly 4 billion USD.
Transaction Details
• MARA purchased Bitcoin at an average price of 96,000 USD/BTC.
• The transaction occurred after Bitcoin reached a historic peak of 103,607 USD last week.
• Currently, the price of Bitcoin has slightly decreased, hovering around 96,300 USD.
Comparison with Major Companies
MARA is the second largest publicly traded company holding Bitcoin in the world, only behind #microstrategy , which holds 423,650 BTC, valued at over 40 billion USD.
MARA Stock Performance
• MARA stock (ticker: MARA) is currently trading at 23 USD, down 4% for the day.
• Over the past 6 months, the stock has grown by 18%.
MARA's Business Operations
MARA specializes in Bitcoin mining, an energy-intensive activity aimed at processing transactions on the blockchain. Miners are rewarded with Bitcoin for their work, incentivizing increased accumulation and operational expansion.
Bitcoin Accumulation Trend
MARA's large Bitcoin purchase indicates strong confidence in the long-term potential of this asset, despite short-term volatility. This continues to reinforce the role of Bitcoin in the investment portfolios of large public companies.
📌 Conclusion: The large BTC purchase by #MARA not only affirms optimism for the future of Bitcoin but also contributes to shaping the financial strategies of businesses in the cryptocurrency era.