MARA Holdings Boosts Bitcoin Reserves to $3.4 Billion with Latest Acquisition
MARA Holdings, a prominent Bitcoin mining firm, has significantly expanded its cryptocurrency reserves with the purchase of 5,771 BTC, amounting to $572 million.
The acquisition was made at an average price of $95,554 per Bitcoin , highlighting the company’s strategic focus on strengthening its Bitcoin holdings amid the cryptocurrency’s continued rally toward $100,000.
Using funds raised through a 0% convertible note offering, MARA secured $1 billion, with $980 million available after fees. A substantial portion was allocated to this latest Bitcoin purchase.
The company now holds approximately 33,875 BTC, valued at $3.4 billion at current prices, positioning it as one of the largest Bitcoin-holding miners globally.
READ MORE:
Germany’s Largest Insurance Provider Invests Heavily in MicroStrategy’s Bitcoin PushMARA’s strategy includes leveraging zero-coupon convertible notes, which eliminate immediate interest payments, enabling the firm to prioritize Bitcoin accumulation and expand its mining operations.
The company has also reported a 35% Bitcoin yield per share, reflecting the financial success of its aggressive acquisition approach.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Telegram Will Reportedly Raise $1.5B in Bond Issue – BlackRock, Citadel, Among Investors
Telegram raises $1,5 billion with support from Citadel and BlackRock
Ripple Proposes Network Maturity Standard to Regulate Crypto
Altcoins lose steam as Bitcoin dominance grows, analysts say
Trending news
MoreCrypto prices
More
