Bitcoin mining company MARA has increased its holdings by 15,574 Bitcoins in the past two months, worth approximately $1.53 billion
According to official news, Bitcoin mining company MARA disclosed data showing that it has raised $1.925 billion through convertible notes in November and December and bought 15,574 BTC at an average price of $98,529, worth about $1.53 billion. It also repurchased the total principal of its existing convertible notes due in 2026 for approximately $263 million and is expected to use the remaining proceeds to buy more Bitcoins.
MARA has achieved a QTD return rate of 22.5% and a YTD return rate of 60.9%. As of December 18th, 2024, MARA holds 44,394 BTCs with a spot BTC price of $100,151 which currently values at around $4.45 billion.
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.
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