Marathon Digital Holdings has significantly boosted its Bitcoin position by acquiring an additional 703 BTC, each at an approximate price of $95,395. This brings the company's total Bitcoin holdings to an impressive 34,794 BTC, which is valued at roughly $3.3 billion.
Throughout November, Marathon purchased a total of 6,474 BTC, including the previous acquisition of 5,771 BTC. The strategic increase in Bitcoin holdings demonstrates the company's strong commitment to expanding its presence in the Bitcoin mining sector.
Furthermore, Marathon successfully raised $1 billion through 0% convertible senior notes, highlighting its financial robustness and strategic growth plans. Reflecting this growth, Marathon's stock climbed 7.81% to a value of $26.92, showcasing a substantial 26.92% increase over the past six months.