MARA boosts Bitcoin holdings: MARA enhances its cryptocurrency portfolio by acquiring 11,774 Bitcoins, valued at 1.1 billion USD. This strategic acquisition increases MARA’s total Bitcoin holdings to 40,435 BTC as of December 9, 2024, reflecting confidence in Bitcoin’s potential for growth.
Corporate interest in Bitcoin rises: This decision underscores a growing trend where corporations invest in digital currencies like Bitcoin. MARA’s move indicates increased institutional interest, viewing Bitcoin as a hedge against financial volatility and a viable option for long-term investment amid economic uncertainties.