Bitcoin News: Marathon Digital Holdings Lends Out $730M in BTC to Capitalize on Market Conditions

Marathon Digital Holdings, the world’s second-largest corporate holder of Bitcoin, has strategically lent out 7,377 BTC, worth approximately $730 million, to take advantage of favorable market conditions. This move represents 16% of its total Bitcoin treasury and is part of a broader strategy to acquire Bitcoin at attractive prices during market declines. As of December 31, Marathon's total Bitcoin holdings, including the loan, amount to 44,893 BTC, valued at $4.4 billion. This decision highlights the firm's proactive approach to leveraging market volatility to strengthen its position in the cryptocurrency space.

Bitcoin Mining Giant Marathon Has Lent Out $730M in BTC

Marathon Digital Holdings, the world’s second-largest corporate holder of Bitcoin, has lent out approximately 16% of its treasury, amounting to 7,377 BTC worth around $730 million. This move is part of a strategy to capitalize on market conditions by acquiring Bitcoin at attractive prices during declines. The firm's total Bitcoin holdings, including the loan, stand at 44,893 BTC, valued at $4.4 billion as of December 31. Marathon did not disclose the identities of the third parties involved in the BTC loans.

Bitcoin Adoption Goes Big: JAN3 Secures $5 Million Under Mow’s Oversight

JAN3, a company focused on Bitcoin adoption, has successfully raised $5 million in funding. The funds are earmarked for the development and expansion of its AQUA Wallet, aiming to enhance Bitcoin's scalability and adoption, especially in underserved regions. Supported by notable investors like Tether and Fulgure Ventures, JAN3's initiative underscores the increasing demand for Bitcoin-linked financial tools and highlights the importance of Layer 2 technologies such as the Lightning Network. The company's project blueprint outlines its goal to create accessible financial services, leveraging Bitcoin to bridge gaps in financial accessibility.

MicroStrategy Obtains 1,070 BTC While Reporting Strong Yield Performance

MicroStrategy Incorporated, a leading business intelligence and enterprise analytics firm, has announced the acquisition of an additional 1,070 BTC. The purchase, amounting to nearly $101 million, was disclosed in a recent Form 8-K filing submitted to the U.S. SEC. This acquisition brings MicroStrategy's total Bitcoin holdings to 447,470 BTC, with an aggregate value of approximately $27.97 billion. The average purchase price per BTC stands at $62,503. Additionally, MicroStrategy reported a 74.3% BTC yield for the fiscal year 2024, highlighting the company's strong performance in its Bitcoin investments.

Crypto Exchange Gemini Settles With CFTC, Pays $5 Million Fine

Gemini Trust Company, founded by Cameron and Tyler Winklevoss, has reached a settlement with the Commodity Futures Trading Commission (CFTC), agreeing to pay a $5 million fine. The legal dispute began in 2022 when the CFTC accused Gemini of misleading statements regarding its methods to prevent Bitcoin price manipulation. The Winklevoss twins, who have been vocal supporters of pro-crypto candidates and critics of the CFTC, have been influential in the crypto industry. Their settlement with the CFTC may impact ongoing discussions about regulatory oversight in the crypto space, particularly the debate over whether the CFTC should take over crypto regulation from the SEC.

Metaplanet Aims to Acquire 10,000 Bitcoins This Year

Metaplanet, a Japanese company, has announced its ambitious plan to increase its Bitcoin holdings to 10,000 BTC this year. This decision comes after the company purchased ¥1 billion worth of Bitcoins late last year. Currently, Metaplanet holds 1,762 Bitcoins, valued at $173.4 million, positioning it as one of the leading companies following MicroStrategy's Bitcoin investment strategy. The company's bullish stance on Bitcoin is supported by favorable political and economic conditions, with analysts predicting that Bitcoin could reach $200,000 soon. CEO Simon Gerovich shared this investment plan in a New Year post for shareholders, emphasizing the company's commitment to Bitcoin and blockchain technology.

90% Of Bitcoin Supply In Profit – Could This Cycle Mirror The 2017 Bull Run?

Bitcoin is on the verge of a historic breakout, consolidating just below the highly anticipated $100K mark. After surging over 8% since the start of the year, the leading cryptocurrency has captured the attention of investors and analysts alike. While the market remains cautiously optimistic, all eyes are on BTC for confirmation of its next big move. Top analyst Axel Adler recently shared insightful data on X, revealing that 90% of the total Bitcoin supply is currently in profit. This key metric highlights the strength of BTC’s recent rally and underscores the widespread Optimism in the market. Adler notes that such high levels of profitability typically align with bullish market conditions, fueling expectations for a breakout above $100K. The psychological and technical significance of the $100K mark cannot be overstated, as it represents a major milestone for Bitcoin and the broader cryptocurrency market.