MicroStrategy and MARA Holdings continue to buy Bitcoin

MicroStrategy has purchased $1.5 billion in Bitcoin, while Marathon Digital Holdings is raising $700 million to expand its Bitcoin purchases.

With this purchase, MicroStrategy added an additional 15,400 bitcoins to its portfolio, bringing its total holdings to 402,100. The company currently owns nearly 2% of the total number of bitcoins capped at 21 million.

Public Companies Continue Massive Bitcoin Buying Trend

Job shopping This further solidifies MicroStrategy’s position as the world’s largest holder of Bitcoin, with the company purchasing over $12 billion in BTC in November alone. The most recent purchases were made at an average price of $95,976 per bitcoin.

Despite the move, MSTR stock price fell nearly 1% in Monday’s trading session. However, the company’s year-to-date profits have mirrored Bitcoin’s performance, up nearly 500% year to date. this year. This boom has put MicroStrategy on the list of the top 100 public companies in the US.

Since first buying Bitcoin in 2020, Saylor has advocated for companies to use Bitcoin as a treasury reserve asset. He also recently suggestion Microsoft board and CEO Satya Nadella invests in Bitcoin, saying Microsoft should be backed by digital capital.

Earlier in October, Microsoft’s board of directors urged shareholders to vote against a proposal that the company should diversify its investment portfolio through Bitcoin.

“There’s not a lot of Bitcoin out there, so there’s a shortage, and if Bitcoin crosses the $100k mark, there will be a big hunt. I remain confident that Bitcoin will close the year much higher, exceeding $100k. It’s just a matter of time,” said businessman Thomas Less speak on CNBC today.

Meanwhile, Bitcoin mining company Marathon Digital Holdings (MARA) Notification private offering of $700 million in zero-coupon convertible notes due 2031. The offering, subject to market conditions, will be targeted to institutional investors under the Securities Act. These bonds, classified as unsecured debt obligations, will carry no interest. At the company’s discretion, they can be converted into cash, MARA common stock, or a combination of both. MARA plans to use $50 million from proceeds for general corporate purposes, including Bitcoin purchases, investment expenses and other development initiatives. In addition, part of the money will be used to buy back their convertible bonds until 2026 to optimize capital structure.

These developments highlight the growing interest in Bitcoin as a strategic asset among publicly listed companies. These companies have expressed strong support for the leading digital currency. Pantera Capital even predicts BTC will reach 740k USD before 2028.

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