<p>A leading Bitcoin (BTC) mining firm, Marathon Digital Holdings (MARA), has acquired a significant 11,774 BTC for $1.1 billion, as reported by MARA on X (formerly Twitter). MARA made these purchases during a recent market dip, acquiring BTC at an average cost of $96,000 each.</p>  
<h2 class="wp-block-heading" id="h-mara-s-bitcoin-holding-nbsp"><strong>MARA’s Bitcoin Holding&nbsp;</strong></h2>  
<p>With this notable BTC acquisition, MARA's total Bitcoin holdings have soared to 40,435 BTC. Additionally, the firm has achieved a BTC yield of 12.3% quarter-to-date (QTD) and 47.6% year-to-date (YTD) so far. To fund this significant acquisition, MARA issued zero-coupon convertible notes, a type of loan that can later be converted into company shares.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/MARAHoldings/status/1866467993183543461
 </div>
</figure>  
<p>This post on X has garnered massive attention from the crypto community, with Michael Saylor, the founder and chairman of MicroStrategy (MSTR), reposting it while highlighting MARA’s BTC yield of 47.6% YTD. Notably, this significant acquisition follows MicroStrategy’s recent purchase of 21,550 BTC for $2.1 billion on December 9, 2024.</p>  
<p>These massive acquisitions by industry giants like MARA and MSTR suggest a strategic "buy-the-dip" technique.</p>  
<h2 class="wp-block-heading" id="h-bitcoin-btc-current-price-momentum"><strong>Bitcoin (BTC) Current Price Momentum</strong></h2>  
<p>Currently, BTC is trading over 6% below its recent all-time high. At press time, BTC is trading near $97,780 and has experienced a price decline of over 1.25% in the past 24 hours. During the same period, its trading volume surged by 70%, indicating heightened participation from traders and investors amid the recent price drop.</p>  
<h3 class="wp-block-heading" id="h-expert-views-on-btc"><strong>Expert Views on BTC</strong></h3>  
<p>Some experts on X have shared their opinions, suggesting that the current market conditions represent a discount, making it an ideal time to buy cryptocurrencies.</p>  
<p>However, BTC is currently positioned at a crucial support level of an ascending trendline, signaling a potential buying opportunity.</p>  
<figure class="wp-block-image size-large"><a href="https://image.coinpedia.org/wp-content/uploads/2024/12/10195148/BTCUSDT_2024-12-10_19-51-32.png" rel="noopener noreferrer nofollow"><img src="https://image.coinpedia.org/wp-content/uploads/2024/12/10195148/BTCUSDT_2024-12-10_19-51-32-1024x448.png" alt="Bitcoin (BTC) Current Price Momentum" class="wp-image-391523"></a>
 <figcaption class="wp-element-caption">
  Source: Trading View
 </figcaption>
</figure>  
<p>Historically, whenever the asset's price comes to this level, it tends to experience significant buying pressure and upward momentum. Experts and analysts anticipate a similar bullish move in the near future based on this historical pattern.</p>

Time to Buy Bitcoin? MARA Acquires $1.1 Billion in BTC

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