MARA acquires 15,574 bitcoins, holding a total of 44,394 bitcoins
On December 19, Bitcoin mining company MARA raised $1.925 billion through convertible notes in November and December. Using the proceeds from its zero-interest convertible note issuance, MARA purchased 15,574 Bitcoins at a price of approximately $98,529 per Bitcoin, valued at about $1.53 billion. It also repurchased around $263 million in principal of existing convertible notes due in 2026 and is expected to use the remaining proceeds to purchase more Bitcoins. MARA's BTC returns are QTD 22.5% and YTD 60.9%. As of December 18, 2024, MARA holds 44,394 BTCs which based on the spot BTC price of $100,151 are currently worth $4.45 billion.
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