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Marathon Digital Becomes Second-Largest Corporate Bitcoin Holder

Marathon Digital Becomes Second-Largest Corporate Bitcoin Holder


Coin Edition
2024-12-07 09:17:21
Marathon Digital Becomes Second-Largest Corporate Bitcoin Holder

Bitcoin miner Marathon has purchased 1,300 BTC for a total of $130.66 million. The leading cryptocurrency dropped below the $100,000 price level. Marathon also purchased 1,423 BTC worth $139.5 million on Friday. The U.S.-based Bitcoin mining firm Marathon Digital has acquired an additional 1,300 BTC, following Bitcoin’s brief surge above the $100,000 price level before settling at $99,200 at the time of writing. The company now ranks as the second-largest corporate holder of Bitcoin, trailing only MicroStrategy, according to CoinGecko data . Data from blockchain analysis platform Lookonchain reveals that Marathon Digital purchased the 1,300 BTC for $130.66 million. Just days earlier, the company acquired 1,423 BTC for $139.5 million. Combined, these transactions amount to $270.12 million based on Bitcoin’s current price. On-chain data shows that Marathon Digital( @MARAHoldings ) acquired another 1,423 $BTC ($139.5M) in the past 6 hours! This comes after #MARA announced yesterday the closing of its second $850M convertible note offering, primarily aimed at purchasing #Bitcoin and partially… pic.twitter.com/t2sjjzhDNW — Lookonchain (@lookonchain) December … The post Marathon Digital Becomes Second-Largest Corporate Bitcoin Holder appeared first on Coin Edition .

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