Bitcoin miner MARA, recently rebranded from Marathon Digital, announced on Thursday it has purchased an additional $100 million worth of bitcoin. The acquisition brings MARA’s balance sheet holding to more than 20,000 BTC ($1.3 billion) — nearly 0.1% of bitcoin’s total 21 million supply, according to a statement shared with The Block.

The bitcoin miner did not provide specific details on when the purchases were made and at what average price, with the firm simply taking "strategic advantage of favorable market conditions to opportunistically purchase bitcoin in the market,” MARA CFO Salman Khan told The Block.

However, based on the dollar amount and the company’s balance sheet holdings of 18,536 BTC as of the end of June, according to Bitcoin Treasuries, the latest acquisitions are …