Marathon CEO Comments on MicroStrategy’s Saylor Following $1.1 Billion Bitcoin Purchase

MicroStrategy has made headlines again with a significant investment, purchasing $1.1 billion worth of Bitcoin, which brings its total holdings to a remarkable $14.3 billion. This latest acquisition positions the company as the owner of approximately 1.17% of all Bitcoin currently in circulation, reinforcing its status as the largest corporate holder of the cryptocurrency.

In conjunction with this strategy, MicroStrategy has initiated a $700 million debt offering, set to mature in 2028. This move allows lenders to earn interest while benefiting from the company’s exposure to Bitcoin’s market fluctuations.

Fred Thiel, CEO of Marathon Digital Holdings, has commented on MicroStrategy’s substantial acquisition, highlighting that it decreases the available Bitcoin for others to purchase. Marathon recently acquired an additional 5,000 Bitcoin, bringing its total to 26,200 BTC, valued at around $1.5 billion. This positions Marathon as the second-largest public holder of Bitcoin, closely following MicroStrategy.

As Marathon continues to expand its Bitcoin reserves, it now controls about 0.12% of the total Bitcoin supply. The ongoing competition between MicroStrategy and Marathon to acquire more Bitcoin reflects a broader trend in the business sector, where companies are increasingly seeking their share of cryptocurrency.

Over the past year, the total Bitcoin holdings of public companies have increased from 272,770 BTC to 333,329 BTC, indicating a growing interest in the digital asset. Additionally, ETFs and funds have seen their Bitcoin reserves rise from 771,000 BTC to over one million BTC in the same timeframe.