MARA buys an additional 615 million USD worth of Bitcoin, increasing total holdings to 34,794 BTC

Marathon Digital Holdings (MARA) recently purchased an additional Bitcoin worth 615 million USD, bringing the company's total holdings to 34,794 BTC, equivalent to about 3.3 billion USD. This transaction occurred after MARA issued bonds raising 1 billion USD, of which about 30% of that amount was used to buy Bitcoin. MARA is currently in second place on the list of publicly traded companies with the largest Bitcoin holdings, after MicroStrategy.

This move reflects the increasing trend of large companies accepting Bitcoin as part of their asset reserve strategy. This strong investment comes amid Bitcoin prices rising over 40% in November and has the potential to set new high benchmarks in the near future. MARA's ability to "buy the dip" also shows the company's confidence in Bitcoin's long-term potential amidst a volatile and challenging investment environment.