DailySun
Marathon Digital Holdings, a U.S.-based Bitcoin miner, has recently invested around $67 million in Bitcoin after completing a $1 billion convertible note sale with a 0% interest rate.
As reported in a post on X by MARA Holdings, the Florida-based Bitcoin (BTC) firm has expanded its BTC holdings to 34,794 tokens, which are currently valued at approximately $3.3 billion based on a spot price of $95,000. As of November 27, BTC was trading at $96,400.
Marathon Digital announced that it had completed note buybacks totaling $200 million and maintains $160 million in capital for further Bitcoin acquisitions. The company also suggested a “buy the dip” approach. Additionally, Mara reported a year-to-date BTC yield increase of 36.7%, using a metric that assesses the growth of BTC holdings against share dilution.
The adoption of BTC yield as a performance metric has gained popularity among corporate Bitcoin investors, especially following convertible note sales. MicroStrategy has been a trailblazer in this area over four years of Bitcoin accumulation, financed in part by stock and note offerings.
Other businesses have embraced this trend by revealing their individual BTC reserves and treasuries. Companies such as Semler Scientific in the healthcare industry, AI innovator Genius Group, and the Tokyo-based giant Metaplanet are among them.
Nations and governments are also striving to create national strategic BTC reserves. U.S. Senator Cynthia Lummis proposed acquiring 4% of Bitcoin’s total supply of 21 million tokens. Meanwhile, Brazil’s Chamber of Deputies introduced a BTC reserve bill aimed at mitigating financial risks.
States are also adopting this concept, potentially attempting to preempt federal initiatives. Pennsylvania has introduced a BTC reserve scheme alongside a Bitcoin Rights bill in light of President Donald Trump’s anticipated return to the presidency.
In Canada, Vancouver’s Mayor Ken Sim has proposed a motion to safeguard the city’s purchasing power through Bitcoin-friendly policies, which include the creation of a Bitcoin reserve.
