CandleFocus

Marathon CEO Breaks Silence on MicroStrategy's Saylor After $1.1 Billion Bitcoin Buy

MicroStrategy has purchased $1.1 billion worth of Bitcoin, increasing its total holdings to $14.3 billion and solidifying its position as the largest corporate Bitcoin holder. To support its strategy, the company has launched a $700 million debt offering. Marathon Digital Holdings, the second-largest public holder of BTC, has responded to MicroStrategy's acquisition, noting that it reduces the available Bitcoin for others to acquire. Both companies' increasing Bitcoin holdings reflect a trend among businesses seeking to invest in cryptocurrency. Overall, public companies and ETFs/funds have shown growing interest in Bitcoin, with their holdings increasing over the past year.

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