Marathon Digital Holdings, known by its ticker MARA, has successfully acquired 6,474 Bitcoin. This acquisition was facilitated through the use of convertible notes, a form of investment strategy enabling companies to raise capital. This approach is part of a broader Bitcoin treasury strategy utilized by numerous publicly traded companies.
As of November 2024, River, a financial services firm focusing exclusively on Bitcoin, reports that 62 publicly traded companies have adopted this Bitcoin treasury strategy. This tactic involves companies holding Bitcoin as part of their balance sheets, aligning with their long-term financial strategies.
The growing trend of companies utilizing Bitcoin treasury strategies highlights the increasing acceptance and reliance on cryptocurrency in corporate financial practices. It showcases a shift towards digital assets, with more organizations leveraging Bitcoin's potential for growth and as a hedge against traditional economic uncertainties.
Булак: cointelegraph.com ↗