MARA acquires 15,574 Bitcoins, total holdings 44,394 BTC
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.
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
Evaluating Probability of Ethereum Breaching the $4K Milestone Soon
Ethereum's Potential Bull Run Versus Existing Downward Forces: The Battle for the $4K Mark
What Stage of the Bitcoin Bull are We in? Are We Nearing The End Or Are We Just Getting Started?
Which stage of the bull run are we in in Bitcoin, the world's largest cryptocurrency? Are we nearing the end of the bull run? Here is the analyst forecast.
IOTA Rebased Testnet Onboards Trusted Validators Securing Billions in Assets
NEAR Protocol Supports Web3 AI With New $20M Development Fund
Trending news
MoreCrypto prices
More
