Marathon Digital purchased 4,144 BTC for $249 million. The total amount of BTC on its balance sheet currently exceeds 25,000
On August 15th, Marathon Digital Holdings (MARA), a Bitcoin mining company based in the United States, revealed on its official blog that as of July 31, 2024, MARA held 20,818 Bitcoins on its balance sheet, second only to MicroStrategy. Between August 12th and August 14th, 2024, MARA used the proceeds from the issuance of convertible notes to purchase 4,144 BTC (approximately $249 million). This purchase, combined with the BTC mined by the company so far this month, has increased the total amount of Bitcoin held by MARA on its balance sheet to over 25,000 BTC.
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