By Nermeen Nabil Khear 
The post Marathon Digital Expands Bitcoin Holdings with $130 Million BTC Purchase appeared first on Coinpedia Fintech News
Bitcoin mining giant Marathon Digital Holdings (MARA) is once again capturing the market’s attention with its aggressive Bitcoin acquisition strategy. The company recently purchased 1,300 BTC, worth $130.66 million, in just seven hours! As Bitcoin struggles to push past the volatile $100,000 mark again, Marathon’s actions raise questions about market trends, institutional confidence, and the strategic plans of major players.
Why is Marathon doubling down on Bitcoin now? Let’s dive into the details.
Marathon’s Bitcoin Buying Spree
Marathon Digital isn’t slowing down. This latest purchase follows another one earlier this week, where the company secured 1,423 BTC, valued at $139.5 million. These two back-to-back acquisitions show Marathon’s strong belief in Bitcoin’s future potential, even as prices fluctuate in the short term.
To support its strategy, Marathon recently raised $850 million by offering convertible notes. This money will be used to purchase more Bitcoin and manage the company’s debt. Marathon’s strategy follows a similar path to MicroStrategy’s well-known Bitcoin buying plans, showing careful financial planning for long-term growth.
Whales & Institutions Are Driving Bitcoin Demand
Marathon isn’t alone in its strategic Bitcoin acquisitions. On-chain data shows that large investors, or whales, are actively buying during recent price dips. In just the past 24 hours, whales purchased 20,000 BTC, worth $2 billion, as prices dropped briefly to $96,000.
Institutional investors also remain very active. Spot Bitcoin ETFs, like BlackRock’s iShares Bitcoin Trust (IBIT), recently hit $50 billion in assets under management. This shows growing confidence among big financial players in Bitcoin’s potential.
Bitcoin Market Trends & Price Analysis
Despite recent volatility, Bitcoin continues to show resilience. After falling to the $96,000 support level, Bitcoin has bounced back and is now trading near $99,776, up 1.17% over the past 24 hours.
Additionally, BTC Futures Open Interest has seen a small increase of 0.68%, now standing at $61.61 billion, according to CoinGlass data. This indicates that market sentiment remains hopeful as institutional interest and whale activity fuel positive momentum.
While short-term trading volumes have dipped, the steady flow of institutional capital and strong whale activity suggests that Bitcoin’s rally could still have room to grow. Keep your eyes peeled!
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The post Marathon Digital Expands Bitcoin Holdings with $130 Million BTC Purchase appeared first on Coinpedia Fintech News
Bitcoin mining giant Marathon Digital Holdings (MARA) is once again capturing the market’s attention with its aggressive Bitcoin acquisition strategy. The company recently purchased 1,300 BTC, worth $130.66 million, in just seven hours! As Bitcoin struggles to push past the volatile $100,000 mark again, Marathon’s actions raise questions about market trends, institutional confidence, and the …
This articles is written by : Nermeen Nabil Khear Abdelmalak
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