Public companies continue to acquire large quantities of Bitcoins near the top.
The Top Rated Alternative Bitcoin MARA (formerly Marathon Digital) announced that the company had bought 11,774 Bitcoins worth $1.1 billion. It’s a price per coin of about $96,000.
Bitcoin reached an all-time-high of $103,607 in the last week, after it crossed the highly anticipated $100,000 threshold. It has since cooled down, and is currently trading at about $96,300, after rising from below $95,000.
MARA—which trades on the Nasdaq under the same ticker—The following are some of the ways to get in touch with each other The Securities and Exchange Commission reported that the company now owns 40,435 Bitcoin. The company has now valued its holdings at nearly $3.9 billion.
MARA stock has fallen by nearly 4% today. It is currently trading at about $23. It has grown by 18% in the past six months.
This miner follows in the footsteps MicroStrategy by raising funds via private offers to purchase Bitcoin.
MARA is the second-biggest publicly traded holder of Bitcoin after MicroStrategy—which holds more than 10 times the amount of Bitcoin: a total of 423,650 coins worth over $40 billion.
Bitcoin Miners are in business to mint new coins. They process the transactions of the blockchain, so that people can transfer value on the crypto network.
Miners—which are typically huge industrial operations that use a lot of electricity—are rewarded with Bitcoin for their work.
Edited By Andrew Hayward