Bitcoin Mining Firm MARA Increases Holdings by 15,574 BTC Over Past 2 Months at an Average Price of $98,529

BlockBeats News, December 19th, Bitcoin mining firm MARA disclosed data showing that it had raised $1.925 billion through convertible notes in November and December and purchased 15,574 BTC at an average price of $98,529, worth approximately $1.53 billion. The company also repurchased approximately $263 million in principal of its existing convertible notes due in 2026 and is expected to use the remaining proceeds to buy more Bitcoin.

MARA has achieved a QTD return of 22.5% and a YTD return of 60.9%. As of December 18, 2024, MARA holds 44,394 BTC, with a current value of $4.45 billion based on the spot BTC price of $100,151. Original article link