Data: Bitcoin mining company MARA has increased its holdings by 703 BTC, bringing its total holdings to 34,794 BTC

2024-11-28 09:21:42

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ChainCatcher news, according to an official announcement, Bitcoin mining company MARA Holdings has announced that it has increased its holdings by an additional 703 Bitcoins through the issuance of $1 billion zero-coupon convertible preferred notes, bringing the total amount of Bitcoins purchased through this issuance to 6,474, with an average purchase price of $95,395. The year-to-date return on each Bitcoin is 36.7%.

Currently, MARA Holdings holds approximately 34,794 Bitcoins, which, at the current Bitcoin price of $95,000, has a total value of about $3.3 billion. MARA has repurchased part of its bonds maturing in 2026 worth $200 million; after deducting transaction costs, the remaining proceeds are about $160 million, which can be used for future purchases if Bitcoin prices decline.

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