Marathon Digital Holdings, a prominent Bitcoin mining firm, has announced the acquisition of over $67 million worth of Bitcoin, bringing its total holdings to approximately 34,794 BTC. The purchases were funded through Marathon's $1 billion convertible notes offering and have been made at an average price of $95,395 per coin. The company also repurchased $200 million worth of its 2026 convertible notes, leaving $160 million available for future Bitcoin purchases. The aggressive accumulation strategy reflects Marathon's confidence in Bitcoin's long-term potential and its commitment to delivering value to shareholders. The institutional buying of Bitcoin, including by Marathon and MicroStrategy, has led to a decline in supply, potentially paving the way for a sustained price rally. Analysts predict that Bitcoin could reach $100,000 soon and even soar to $200,000 next year, driven by an expected influx of institutional investment.



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