Leading Bitcoin $99,755.0 miner Marathon Digital (MARA) once again attracted the attention of investors with its latest BTC purchase move. According to the latest data, the company recently acquired another 1,300 BTC after purchasing 1,423 Bitcoin earlier this week. The move comes after the firm completed its second $850 million convertible bond issuance. The company aimed this step to increase its Bitcoin purchasing plan.
Marathon Digital’s Bitcoin Acquisition Progress
Wall Street’s leading players are shifting to the digital assets space, maintaining institutional interest in the main cryptocurrency despite BTC reaching $100,000. According to the latest data, Marathon Digital (MARA) has accelerated its BTC buying plan with recent transactions.
Marathon’s recent purchase of a total of 2,723 BTC increased the market joy. After these purchases, the BTC price remained above 1% and its last value rose to $ 99,531. According to 24-hour data, cryptocurrency trading volume decreased to $93.57 billion, while BTC’s 24-hour highest level was set at $102,039.88.
Bitcoin Whales Are Also Active
According to CoinGlass data, the open interest of BTC futures decreased by 0.5%, falling to $61.25 billion. Despite this, a slight recovery was observed in the short term. Additionally, it was reported that Bitcoin whales also participated in the buying movement.
“Whales have accumulated approximately 20,000 BTC as of yesterday, worth approximately $2 billion,” Ali Martinez said.
This shows that trust in the asset is strong.
Following Marathon Digital’s successful completion of its second $850 million convertible bond issuance, the company aims to accelerate its Bitcoin purchase plan and partially buy back existing bonds due in 2026. Bitcoin price is expected to break the record of $103,900.
These developments in the Bitcoin market offer significant opportunities for investors and give positive signals about the future of digital assets. Increasing BTC purchases and continued market interest may contribute to the stability of the cryptocurrency.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
