Bitcoin mining companies MARA (formerly Marathon Digital) and Hut 8 announced substantial Bitcoin purchases on Thursday as more and more firms look to stockpile the leading cryptocurrency within their treasuries.

MARA expanded upon a previously announced Bitcoin purchase from last week, boosting the tally to 15,574 Bitcoin at a total price of about $1.53 billion. Last week, the first disclosed the first tranche of the purchase, buying 11,774 BTC for $1.1 billion. Thursday’s announcement points to the firm adding another 3,800 BTC at a price around $400 million.

The added tally boosts MARA’s treasury reserve to 44,394 BTC—over $4.4 billion worth. Meanwhile, Hut 8 said that it added 990 Bitcoin at a price of about $100 million, giving it 10,096 BTC (over $1 billion) in its reserve.

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Author: Logan Hitchcock