MARA acquires 15,574 Bitcoins, total holdings 44,394 BTC

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Cointime2024/12/19 13:34

By:Cointime

Bitcoin mining company MARA raised $1.925 billion through convertible notes in November and December. Utilizing the proceeds from the issuance of its zero-interest convertible notes, MARA acquired 15,574 bitcoins at a price of approximately $98,529 per bitcoin, worth about $1.53 billion, and repurchased existing convertible notes with a total principal amount of approximately $263 million due in 2026, and is expected to use the remaining proceeds to purchase more bitcoins. MARA's BTC yield is QTD 22.5% and YTD 60.9%. As of December 18, 2024, MARA holds 44,394 BTC, which is currently valued at $4.45 billion based on the spot BTC price of $100,151.

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