Bitcoin

Coin

<ul class="wp-block-list news-points">
 <li>Bitcoin miner Marathon has purchased 1,300 BTC for a total of $130.66 million.</li>
 <li>The leading cryptocurrency dropped below the $100,000 price level.&nbsp;</li>
 <li>Marathon also purchased 1,423 BTC worth $139.5 million on Friday.</li>
</ul>
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 <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">$99,200</a> at the time of writing. The company now ranks as the second-largest corporate holder of Bitcoin, trailing only MicroStrategy, according to CoinGecko <a href="https://www.coingecko.com/en/public-companies-bitcoin" target="_blank" rel="noopener noreferrer nofollow">data</a>.
Data from blockchain analysis platform <a href="https://x.com/lookonchain/status/1865262204968407445" target="_blank" rel="noopener noreferrer nofollow">Lookonchain</a> 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 $270.12 million based on Bitcoin’s current price.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 On-chain data shows that Marathon Digital(<a href="https://twitter.com/MARAHoldings?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@MARAHoldings</a>) acquired another 1,423 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a>($139.5M) in the past 6 hours! This comes after <a href="https://twitter.com/hashtag/MARA?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#MARA</a> announced yesterday the closing of its second $850M convertible note offering, primarily aimed at purchasing <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> and partially… <a href="https://t.co/t2sjjzhDNW" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/t2sjjzhDNW</a>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1864856912002715786?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December …</a>
 </blockquote>
 </div>
</figure>
The post <a href="https://coinedition.com/marathon-digital-becomes-second-largest-corporate-bitcoin-holder/" rel="noopener noreferrer nofollow">Marathon Digital Becomes Second-Largest Corporate Bitcoin Holder</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Marathon Digital Becomes Second-Largest Corporate Bitcoin Holder

Coin Edition

Other articles published on Dec 7, 2024

Elon Musk Influences Dogecoin Market with Bold Moves

Bitcoin Cash and Ethereum Classic Disappoint Investors As Lunex Network Soars During the Bull Run

White House AI Crypto Czar to Probe SEC led Operation Choke Point 2.0

Qubetics’ Multi-Chain Wallet Stands Out While Binance and Injective Shine: Best Coins to Invest i...

Altcoin Trader Deposits $8.44M in $PNUT to Binance to Book 17x Profit

Metaplex Protocol Achieves Record-Breaking Protocol Fees in November 2024

Join our free newsletter for daily crypto updates!