Marathon Digital Holdings, a publicly traded Bitcoin miner, has raised $1 billion through a 0% interest convertible note to expand its cryptocurrency holdings. The company has utilized a significant portion of these funds to acquire 5,771 Bitcoin for approximately $572 million, bringing its total Bitcoin holdings to about 33,875 BTC, valued at around $3.4 billion. The average purchase price for the newly acquired Bitcoin was $95,554 per coin. This acquisition positions Marathon as the second-largest corporate holder of Bitcoin, trailing only MicroStrategy, and significantly surpassing its competitor Riot Blockchain.