TL;DR
- Marathon Digital has increased its Bitcoin reserves by over 50% this quarter, acquiring 11,774 BTC for $1.1 billion, bringing its total to 40,435 BTC.
- The firm positions itself as the second-largest corporate Bitcoin holder, behind only MicroStrategy, which holds over 420,000 BTC.
- The company reports a Bitcoin yield of 12.3% for the quarter and 47.6% for the year, while its stock rose more than 2%, reaching $24.18.
Marathon Digital has increased its Bitcoin reserves, growing by more than 50% this quarter. According to a report filed on December 10 with the U.S. Securities and Exchange Commission (SEC), the company acquired 11,774 BTC, worth approximately $1.1 billion.
This purchase adds to the recent series of acquisitions made earlier this month, when the firm acquired another 6,484 BTC for $618 million. With these transactions, Marathon has raised its total Bitcoin reserve to 40,435 BTC, which is valued at $3.9 billion, based on the current price of $96,500 per unit.
Marathon Digital Follows in MicroStrategy’s Footsteps
This new acquisition places Marathon Digital as the second-largest corporate Bitcoin holder globally, behind only MicroStrategy, which holds more than 420,000 BTC, representing over 2% of the total supply of the cryptocurrency. The strategy of both companies focuses on consolidating a strong presence in the Bitcoin market.
The Firm’s Strong Performance
In addition to the acquisitions, the company has shown strong operational performance. Marathon has reported a Bitcoin yield of 12.3% for the quarter and an annual yield of 47.6% as of December 9. These numbers reflect the efficiency and success of its investment strategy and management of its cryptocurrency reserves.
The market’s response to these movements has been favorable, with Marathon’s stock (MARA) rising more than 2% in early trading, reaching $24.18. The market demonstrates its confidence in the financial and strategic strength of the company, which has built an excellent reputation in the crypto market
