- Marathon now holds 34,794 BTC, worth $3.3 billion, solidifying its rank as the second-largest corporate Bitcoin holder.
- From $1 billion raised by Marathon, $160M still remains for future Bitcoin purchases.
- Public firms added 143,800 BTC in November, led by Marathon and MicroStrategy.
Marathon Digital (MARA) has solidified its position as a major corporate Bitcoin holder, acquiring 703 BTC in November, increasing its total to 6,474 BTC.
Marathon holds about 34,794 BTC, worth $3.3 billion, making it the second-largest corporate Bitcoin holder behind MicroStrategy. Marathon holds 0.16% of Bitcoin's total supply, whereas MicroStrategy holds 1.8%.
With our 0% $1 billion convertible notes offering, we are excited to share an update:
— MARA (@MARAHoldings) November 27, 2024
- Acquired an additional 703 BTC, bringing the total to 6,474 BTC, at an average price of $95,395 per BTC
- YTD BTC Yield Per Share 36.7%
- Total owned BTC: ~34,794 BTC, currently valued at… pic.twitter.com/bzbunlyBRN
Marathon raised $1 billion through a zero-interest convertible senior note offering alongside its Bitcoin strategy. The company allocated $200 million from the $980 million in net proceeds to repurchase part of its 2026 notes and set aside $160 million for additional Bitcoin acquisitions at better prices.
Marathon's shares surge as Bitcoin adoption grows
The announcement resulted in a positive market response, with Marathon's shares climbing almost 8% on Wednesday, contributing to a 14% rise in the company's year-to-date performance.
Marathon's investments match the trend of publicly traded companies adopting Bitcoin as a treasury reserve asset.
Bitcoin Treasuries data shows that public companies now hold increasing amounts of Bitcoin in 2024. The total amount of Bitcoin these companies currently hold is 508,111 BTC, up from 272,774 BTC on January 1, around 143,800 BTC of which were added in November, compared to approximately 2,400 BTC in October.
MicroStrategy is leading this surge, having added over 130,000 BTC to its reserves in November, including a record acquisition last week.
Other companies are adopting Bitcoin. According to the press release, Rumble plans to invest up to $20 million of its cash reserves into Bitcoin, a strategy backed by MicroStrategy's Michael Saylor.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks

Crypto Today: BTC, ETH, and XRP lead $1.4B capitulation on Black Monday as FTX denies $2.5B claims
Cryptocurrencies nosedived over the weekend, shedding over $300 billion since Friday. What some traders on social media are terming crypto’s Black Monday, losses come after an initial positive decoupling on Thursday, when US stocks crashed after China announced 34% retaliatory tariffs.

Bitcoin hits new yearly low below $75,000 as global trade war escalates
Bitcoin price extends its fall by 4% on Monday after correcting near 5% the previous week. The global trade war escalated, wiping out 452,976 leveraged traders and causing a total liquidation of $1.39 billion from crypto markets in the last 24 hours.

Dogecoin shatters $0.15 support as ‘Black Monday’ bloodbath fears surge
Dogecoin tumbles over 10% on Monday, slashing $3.73 billion from its market capitalization to $19.78 billion. CNBC host Jim Crammer warns of global markets’ bloodbath if US President Donald Trump stays intrasigent.

Solana Price Forecast: Bears gain momentum as SOL falls below $100
Solana (SOL) extends its loss by over 7% and falls below the $100 mark at the time of writing on Monday after crashing 15.15% last week. Coinglass data shows that SOL’s leveraged traders wiped out nearly $70 million in liquidations in the last 24 hours.

Bitcoin Weekly Forecast: Tariff ‘Liberation Day’ sparks liquidation in crypto market
Bitcoin (BTC) price remains under selling pressure and trades near $84,000 when writing on Friday after a rejection from a key resistance level earlier this week.

The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.