The U.S.-listed cryptocurrency miner Marathon Digital (MARA) has purchased over $1.50 billion in Bitcoin in the past two months, funded by the issuance of two convertible notes. This has resulted in a more than 50% growth in the company's Bitcoin holdings this quarter, nearly 200% growth year-over-year. The company has generated staggering profits by investing in Bitcoin through financing operations and plans to continue purchasing Bitcoin.

<div><div><p>US-listed cryptocurrency miner Marathon Digital (MARA) has spent over $1.50 billion on Bitcoin in the past two months, funded by the issuance of two convertible notes. This has resulted in the company's Bitcoin holdings growing by more than 50% this quarter and nearly 200% year-to-date. The company has generated impressive returns from its Bitcoin investments through financing operations and plans to continue purchasing Bitcoin.</p><p>A closer look at its financial report reveals that MARA raised funds through convertible notes in November and December this year, investing approximately $1.55 billion to acquire 15,574 BTC at an average price of about $98,529. As of December 18, the company holds 44,394 BTC, showing remarkable growth compared to 26,747 BTC at the end of the third quarter and 15,174 BTC at the end of 2023, consistent with its previous statements emphasizing its commitment to Bitcoin investment.</p><p>MARA's strategy reflects a high level of confidence among mining companies regarding the future value of Bitcoin, leveraging financing to expand its asset base. The operational essence is similar to that of MicroStrategy, with other miners like Hut 8 and Riot Platforms also investing significant amounts in Bitcoin in December, driving the stock prices of these miners up and indicating strong bullish sentiment among institutions and miners.</p></div></div>

Bitcoin miner Marathon Digital has purchased over 1.50 billion USD worth of Bitcoin.