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- 📢 Gate Square #Creator Campaign Phase 2# is officially live!
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- 📢 Gate Square #MBG Posting Challenge# is Live— Post for MBG Rewards!
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Share your in-depth views on MBG’s fundamentals, community governance, development goals, and tokenomics, etc.
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Take part in MBG activities (CandyDrop, Launchpool, or spot trading), and post your screenshots, earnings, or step-by-step tutorials. Content can include profits, beginner-friendl
Another Company Announced the Purchase of a Large Amount of Bitcoin Besides MicroStrategy! Peter Schiff Released a Statement
Bitcoin mining company Marathon Digital Holdings (MARA) announced that it has purchased 11,774 BTC for approximately 1.1 billion dollars.
The purchase, financed through a bond offering, was made at an average price of $96,000 per BTC. As of December 9, 2024, MARA currently holds a total of 40,435 Bitcoins worth $3.9 billion at the spot price of $96,500 per Bitcoin.
The company recently announced that Bitcoin's QTD return is 12.3% and YTD return is 47.6%, demonstrating its performance.
However, this significant purchase has reignited debates about the market stability of Bitcoin. Leading BTC critic Peter Schiff expressed his skepticism and said the following:
In other words, Bitcoin is artificially supported through leveraged buying from MSTR and MARA due to insufficient real demand. This seems like a formula for disaster.
MicroStrategy recently announced that it has acquired a large amount of BTC. With the company's continued growth, there are ongoing discussions about the inclusion of MicroStrategy shares on Nasdaq.