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What will be the percentage change in Marathon Digital's stock price by March 31, 2025?
3
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Stock price data from major financial information services like Bloomberg or Yahoo Finance.
Story
Marathon Digital Acquires 15,574 Bitcoin for $1.53 Billion, Raises $1.925 Billion; Total Holdings Reach 44,394 BTC
Dec 19, 2024, 01:17 PM
Marathon Digital Holdings, Inc. (MARA) has made a substantial investment in Bitcoin, acquiring 15,574 BTC for approximately $1.53 billion. This purchase, completed on December 19, 2024, brings the company's total Bitcoin holdings to 44,394 BTC, valued at around $4.45 billion. The acquisition was financed through the issuance of convertible notes, raising $1.925 billion. The average purchase price for the newly acquired Bitcoin was approximately $98,529 each. This recent investment marks a significant expansion of MARA's cryptocurrency portfolio, reflecting its ongoing strategy to increase Bitcoin holdings amid a volatile market.
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