Bitcoin

<p>Bitcoin mining giant Marathon Digital Holdings (MARA) is once again capturing the market's attention with its aggressive Bitcoin acquisition strategy. The company recently purchased 1,300 BTC, worth $130.66 million, in just seven hours! As Bitcoin struggles to push past the volatile $100,000 mark again, Marathon’s actions raise questions about market trends, institutional confidence, and the strategic plans of major players.</p>   
<p>Why is Marathon doubling down on Bitcoin now? Let's dive into the details. </p>   
<h2 class="wp-block-heading" id="h-marathon-s-bitcoin-buying-spree">Marathon's Bitcoin Buying Spree </h2>   
<p>Marathon Digital isn’t slowing down. This latest purchase follows another one earlier this week, where the company secured <a href="https://coinpedia.org/crypto-live-news/marathon-digital-buys-1423-btcs-for-140-million/" target="_blank" rel="noreferrer noopener">1,423 BTC,</a> valued at $139.5 million. These two back-to-back acquisitions show Marathon’s strong belief in Bitcoin’s future potential, even as prices fluctuate in the short term.</p>   
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<p>To support its strategy, Marathon recently raised <a href="https://coinpedia.org/news/marathon-digital-completes-850m-convertible-note-offerings/" target="_blank" rel="noreferrer noopener">$850 million</a> by offering convertible notes. This money will be used to purchase more Bitcoin and manage the company’s debt. Marathon’s strategy follows a similar path to MicroStrategy’s well-known Bitcoin buying plans, showing careful financial planning for long-term growth.</p>   
<h2 class="wp-block-heading" id="h-whales-amp-institutions-are-driving-bitcoin-demand">Whales &amp; Institutions Are Driving Bitcoin Demand</h2>   
<p>Marathon isn’t alone in its strategic Bitcoin acquisitions. On-chain data shows that large investors, or whales, are actively buying during recent price dips. In just the past 24 hours, whales purchased 20,000 BTC, worth $2 billion, as prices dropped briefly to $96,000.</p>   
<p>Institutional investors also remain very active. Spot Bitcoin ETFs, like BlackRock’s iShares Bitcoin Trust (IBIT), recently hit $50 billion in assets under management. This shows growing confidence among big financial players in Bitcoin’s potential.</p>   
<h2 class="wp-block-heading" id="h-bitcoin-market-trends-amp-price-analysis">Bitcoin Market Trends &amp; Price Analysis </h2>   
<p>Despite recent volatility, Bitcoin continues to show resilience. After falling to the $96,000 support level, Bitcoin has bounced back and is now trading near $99,776, up 1.17% over the past 24 hours.</p>   
<p>Additionally, <a href="https://www.coinglass.com/BitcoinOpenInterest" target="_blank" rel="noreferrer noopener">BTC Futures Open Interest</a> has seen a small increase of 0.68%, now standing at $61.61 billion, according to CoinGlass data. This indicates that market sentiment remains hopeful as institutional interest and whale activity fuel positive momentum.</p>   
<p><strong>While short-term trading volumes have dipped, the steady flow of institutional capital and strong whale activity suggests that Bitcoin’s rally could still have room to grow. Keep your eyes peeled! </strong></p>

Marathon Digital Expands Bitcoin Holdings with $130 Million BTC Purchase

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