Marathon Digital Boosts Bitcoin Holdings, Sets Aside $160M for Future Buys
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Marathon Digital added 6,474 Bitcoin in November, including 703 BTC last week, bringing its total to 34,794 BTC, worth $3.3 billion at current prices. The company now stands as the second-largest corporate Bitcoin holder, trailing only MicroStrategy. Marathon raised $1 billion through a zero-interest convertible note sale, setting aside $160 million for future Bitcoin purchases during market dips. CEO Fred Thiel emphasized Bitcoin’s value as a hedge against inflation and devaluation. Meanwhile, Public companies have significantly increased Bitcoin holdings this year, with 143,800 BTC acquired in November alone, a sharp rise compared to October’s 2,400 BTC. This trend reflects growing corporate interest in adopting Bitcoin as a strategic reserve asset.
