Marathon Digital Increases Bitcoin Holdings to 40,435 BTC

Marathon Digital has significantly increased its Bitcoin reserves by over 50% this quarter, acquiring 11,774 BTC for approximately $1.1 billion, bringing its total to 40,435 BTC valued at $3.9 billion. This move positions Marathon as the second-largest corporate Bitcoin holder globally, following MicroStrategy, which holds over 420,000 BTC. The company funded its acquisition through a convertible note sale, a strategy increasingly adopted by firms looking to build Bitcoin treasuries. Marathon reported strong operational performance with a Bitcoin yield of 12.3% for the quarter and 47.6% for the year. The market reacted positively to these developments, with Marathon's stock rising more than 2% to $24.18. This trend reflects a broader shift among corporations toward adopting Bitcoin as a reserve asset, following the lead of industry players like MicroStrategy.