Marathon Holdings acquires $1.1B in Bitcoin, holding 40,435 BTC

U.S.-based cryptocurrency mining company Marathon Holdings, formerly Marathon Digital (MARA), announced on X that it has used proceeds from zero-coupon convertible notes to purchase 11,774 BTC for approximately $1.1 billion at an average price of $96,000 per Bitcoin. The company reported a quarterly Bitcoin yield of 12.3% and a year-to-date yield of 47.6%. As of Dec. 9 Marathon holds 40,435 BTC, valued at $3.9 billion based on a spot price of $96,500.