Marathon Digital purchased 4,144 BTC for $249 million. The total amount of BTC on its balance sheet currently exceeds 25,000
On August 15th, Marathon Digital Holdings (MARA), a Bitcoin mining company based in the United States, revealed on its official blog that as of July 31, 2024, MARA held 20,818 Bitcoins on its balance sheet, second only to MicroStrategy. Between August 12th and August 14th, 2024, MARA used the proceeds from the issuance of convertible notes to purchase 4,144 BTC (approximately $249 million). This purchase, combined with the BTC mined by the company so far this month, has increased the total amount of Bitcoin held by MARA on its balance sheet to over 25,000 BTC.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
OCC Allows Banks to Offer Crypto Custody & Execution Services
OCC allows banks to buy/sell assets and outsource crypto functions, ensuring compliance with oversight, cybersecurity, and risk management.
XRP Struggles Below $2.30: Can Developer Growth Spark a Breakout?
Turn $750 Into $25K with These 3 Promising Altcoins
2025’s Crypto Goldmines: Wall Street’s Top 3 Sleeper Picks Revealed
Trending news
MoreCrypto prices
More
