{"id":144465,"date":"2024-12-11T15:00:30","date_gmt":"2024-12-11T13:00:30","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=144465"},"modified":"2024-12-11T03:28:26","modified_gmt":"2024-12-11T01:28:26","slug":"marathon-digital-invests-1-1-billion-in-bitcoin-raising-holdings-to-40435-btc","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/marathon-digital-invests-1-1-billion-in-bitcoin-raising-holdings-to-40435-btc\/","title":{"rendered":"Marathon Digital Invests $1.1 Billion in Bitcoin, Raising Holdings to 40,435 BTC"},"content":{"rendered":"

This purchase<\/a><\/strong>, completed via a zero-coupon convertible note offering, was made at an average cost of $96,000 per Bitcoin<\/a><\/strong>. As of December 9, 2024, the company\u2019s total Bitcoin holdings stand at 40,435 BTC, worth an estimated $3.9 billion at the current market price of $96,500 per Bitcoin.<\/p>\n

The firm has also shared its recent performance, reporting a 12.3% return for the quarter and a 47.6% increase year-to-date.<\/p>\n

However, this massive purchase has sparked renewed concerns over Bitcoin’s market stability, with critics like Peter Schiff arguing that Bitcoin’s value is being artificially inflated through large, leveraged purchases by firms like MicroStrategy and Marathon, suggesting a potential recipe for market instability.<\/p>\n