MARA acquisition 15,574 BTC, holding a total of 44,394 BTC

Gold Finance reported that MARA, a BTC mining company, raised $1.925 billion through convertible notes in November and December. Using the proceeds from the zero-interest convertible note issuance, MARA acquired 15,574 BTC at a price of approximately $98,529 per BTC, worth about $1.53 billion. They also repurchased existing convertible notes with a total principal of approximately $263 million due in 2026 and are expected to use the remaining proceeds to purchase more BTC. 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.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)