Loading...
Loading...
Browse all stories on DeepNewz
VisitMarathon 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.
View original story
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
No • 50%
Yes • 50%
Below 50,000 BTC • 25%
Above 70,000 BTC • 25%
60,001 - 70,000 BTC • 25%
50,000 - 60,000 BTC • 25%
$90,000 - $100,000 • 25%
Above $110,000 • 25%
Below $90,000 • 25%
$100,001 - $110,000 • 25%