Marathon Buys 700 BTC, Plans More Purchases

December 5, 2024 08:05:00

Marathon Digital Holdings Inc. (NASDAQ: MARA), commonly known as MARA, has added 703 BTC to its holdings this November. This brings its total Bitcoin stash to 34,794 BTC, worth $3.3 billion today. With this, Marathon is now the second-largest company holding Bitcoin, just behind MicroStrategy.

The company, which is focused on Bitcoin, raised $1 billion by selling special financial notes that don’t charge interest. From this, the company used $200 million to buy back older notes. The rest, $160 million, is set aside to buy more Bitcoin in the…

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