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Marathon Digital Buys 400 BTC Amid Market Turmoil, Data Reveals
- Marathon Digital Holdings (NASDAQ: MARA) increased its Bitcoin holdings by purchasing an additional 400 BTC valued at approximately $45.9 million.
- The company now holds about 52,850 BTC, worth roughly $6.06 billion.
- This purchase took place during recent market volatility, reflecting a trend of accumulation by corporates and miners during such periods.
- In September, Marathon produced 218 blocks, marking a 5% increase over the previous month, while the global hashrate grew by 9% to 1,031 EH/s.
- Bitcoin experienced a sharp decline of nearly 13% due to renewed U.S.–China tariff threats, impacting market stability.
- Current trading value for Bitcoin is around $114,800, up 3% in the past 24 hours as trade tensions ease.
- Challenges remain for Bitcoin to maintain gains above long-term resistance levels, possibly leading to a retest of the $100,000 mark.