Marathon increases BTC reserves: Marathon Holdings has grown its Bitcoin holdings to approximately $3.9 billion. This surge follows the acquisition of 11,774 Bitcoins valued at around $1.1 billion. The initiative was funded by a convertible note sale, signaling increased corporate interest in Bitcoin investments.
Convertible note sales trend: Funding for this Bitcoin acquisition was sourced through convertible notes. This method is gaining traction as companies seek to expand their Bitcoin reserves. By leveraging note sales, firms like Marathon provide investors access to company shares while further investing in digital currencies.
Competitors follow Marathon’s lead: Riot Platforms also plans to boost its Bitcoin holdings with funds from a $500 million note sale. This reflects a growing trend among U.S. Companies to integrate Bitcoin into their business models, showcasing increased demand and acceptance of digital assets in corporate strategy.