{"id":143499,"date":"2024-11-28T15:30:43","date_gmt":"2024-11-28T13:30:43","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=143499"},"modified":"2024-11-28T12:26:32","modified_gmt":"2024-11-28T10:26:32","slug":"marathon-digital-expands-bitcoin-holdings-with-1-billion-investment-strategy","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/marathon-digital-expands-bitcoin-holdings-with-1-billion-investment-strategy\/","title":{"rendered":"Marathon Digital Expands Bitcoin Holdings with $1 Billion Investment Strategy"},"content":{"rendered":"

This acquisition<\/a> <\/strong>was funded by proceeds from its recent $1 billion zero-interest convertible senior note offering, which netted the company around $980 million after transaction fees. Marathon set aside $160 million of this capital to capitalize on potential future drops in Bitcoin\u2019s price<\/a><\/strong>.<\/p>\n

With its latest purchase, Marathon Digital now ranks as the second-largest corporate holder of Bitcoin, behind only MicroStrategy. The company\u2019s aggressive acquisition strategy mirrors a broader trend of corporate Bitcoin adoption, with public companies increasing their holdings dramatically this year.<\/p>\n

Marathon CEO Fred Thiel emphasized the importance of Bitcoin as a hedge against inflation, noting its scarcity and the growing necessity for companies to include it in their balance sheets.<\/p>\n