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.