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Marathon Digital Holdings and Hut 8 have made significant investments in Bitcoin, purchasing over 16,000 BTC for $1.6 billion during a market dip. Marathon acquired 15,574 BTC for approximately $1.53 billion, increasing its total holdings to 44,394 BTC, while Hut 8 bought 990 BTC for $100 million, raising its reserves to 10,096 BTC. These moves follow a sharp decline in Bitcoin's value, which dropped over 5% due to a US Federal Reserve rate adjustment.
Marathon Digital Holdings (MARA) has acquired 12,000 Bitcoin, signaling confidence in Bitcoin's long-term value as it approaches a potential rally. Litecoin has surged by 74.6% amid ETF optimism, with analysts predicting further price increases, while Rollblock's innovative GambleFi platform is poised for significant growth, leveraging blockchain technology to enhance the online gambling experience.
Riot Platforms has acquired 5,117 Bitcoin for $510 million after raising $525 million through a private offering of convertible notes. This purchase increases its total holdings to 16,728 BTC, valued at approximately $1.69 billion, as the company follows a strategy similar to MicroStrategy's Bitcoin treasury reserve approach. Other miners, like Marathon Digital, are also adopting this strategy to bolster their balance sheets.
CoinShares predicts a significant overhaul in U.S. crypto regulation under the Trump administration in 2025, favoring Bitcoin (BTC) while altcoins may outperform in the near term. The rise of Bitcoin-yielding companies and Ethereum's Layer 2 solutions are also expected to shape the market, with businesses increasingly adopting Bitcoin as a treasury asset to generate returns. As major companies begin accepting crypto payments, BTC is positioned as both a store of value and a source of passive income.
Marathon Digital Holdings has acquired 11,774 BTC for approximately $1.1 billion, funded by zero-interest convertible bonds, boosting its total holdings to 40,435 BTC valued at $3.9 billion. This strategic move comes amid Bitcoin's price volatility, reflecting the company's commitment to long-term growth and innovation in the face of mining challenges. Additionally, Marathon's diversification into AI and computing aims to enhance operational efficiency and address rising mining difficulties.
Marathon Digital has increased its Bitcoin reserves by over 50% this quarter, bringing its total holdings close to $4 billion. This strategic acquisition solidifies its position as the second-largest corporate holder of Bitcoin.
Riot Platforms plans to issue $500 million in convertible notes to enhance its Bitcoin reserves, which grew to 11,425 BTC by November 30. Despite a 5% increase in holdings and mining 495 BTC in November, the announcement led to a drop in shares, reflecting investor concerns about the new debt's impact on the company's finances.
MicroStrategy has significantly increased its Bitcoin holdings to 423,650 BTC after purchasing an additional 21,550 BTC for $2.1 billion, reinforcing its status as the leading institutional holder in 2024. CEO Michael Saylor continues to advocate for Bitcoin as a long-term investment, amidst a bullish market driven by institutional adoption. As Bitcoin's price reached $100,000 earlier this year, other major players like BlackRock have also expanded their holdings, reflecting a growing belief in Bitcoin's potential for further price growth.
Riot Platforms is raising up to $500 million through a private senior convertible notes offering to fund additional Bitcoin purchases and corporate needs, potentially acquiring about 5,877 BTC. Meanwhile, MicroStrategy has purchased $2.1 billion worth of Bitcoin, increasing its total holdings to 423,650 BTC. Riot also reached a settlement in its takeover bid for Bitfarms, while its stock has seen a significant rise over the past three months despite a recent dip.
Bitcoin has surged past the USD 100,000 mark after a seven-month consolidation, driven by both "Trump trades" and solid fundamentals. Traditional asset managers are increasingly adding Bitcoin to their portfolios, aided by ETF approvals, while the industry anticipates regulatory changes under the Trump administration. This, combined with a global easing of monetary policy, could further energize the crypto markets.
Marathon Digital Holdings Inc
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