Bitcoin miner MARA Holdings acquires $1.53 billion worth of BTC, now holding 44,394 BTC valued at $4.3 billion at an average price of $98,529 per Bitcoin. Raised $1.925 billion through zero-coupon notes. Repurchased $263 million convertible notes. Company plans to use remaining funds to buy more Bitcoin.

Unusual Whales
2024.12.21 07:02
MARA Holdings Inc. (NASDAQ:MARA), a Bitcoin mining company, has recently acquired 15,574 BTC for $1.53 billion. This acquisition was made possible by the $1.925 billion raised through zero-coupon convertible notes issued in November and December. With this purchase, MARA now holds a total of 44,394 BTC, worth about $4.3 billion at Bitcoin's current price of $97,377. The company acquired the cryptocurrency at an average price of $98,529 per Bitcoin. MARA also repurchased $263 million of its existing convertible notes due in 2026 and plans to use the remaining funds to acquire more Bitcoin. The company's Bitcoin holdings and yield were highlighted in a post on social media platform X.
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