Buy 11,774 Bitcoins, Digital Marathon Disburses IDR 17.6 Trillion Funds
JAKARTA - Marathon Digital Holdings (MARA) shows its seriousness in investing in Bitcoin. The crypto mining company announced the purchase of 11,774 Bitcoins worth US$1.1 billion (Rp17.6 trillion) on December 11.
This purchase is funded through the issuance of interestless conversion bonds that provide flexibility for MARA to manage Bitcoin purchases. With the additional Bitcoin, MARA's total ownership now reaches 40,435 BTC. If calculated based on current market prices, that amount is worth about US$3.9 billion (Rp62.4 trillion).
VOIR éGALEMENT:
This latest purchase puts MARA on the list of the world's largest Bitcoin reserves. Currently MicroStrategy is still leading with 423,650 BTC after acquiring 21,550 BTC worth 2.1 billion US dollars (IDR 33.6 trillion).
MARA continues to show positive results from its investment in Bitcoin. Throughout 2024, the company has recorded a 47.6% profit from its Bitcoin, with a 12.3% profit in just the last quarter.
By investing in Bitcoin, MARA has succeeded in utilizing Bitcoin's potential as a store of value asset that is increasingly in demand by many public companies. MARA's efforts received a positive response from MicroStrategy CEO Michael Saylor who praised MARA for her good performance in investing in Bitcoin.