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Marathon Digital strengthens Bitcoin holdings with 15,574 BTC purchase

On December 19, 2024, Marathon Digital acquired 15,574 BTC valued at approximately 1.53 billion USD. This underscores the rising institutional demand for Bitcoin in the cryptocurrency market.

Marathon Digital raised 1.9 billion USD using a ZERO-coupon convertible bond offering to support this acquisition. This aligns with their goal to enhance Bitcoin reserves, echoing strategies from firms like MicroStrategy.

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