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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.