Bitcoin (BTC) mining company MARA says it acquired 15,574 BTC for $1.53 billion after raising $1.925 billion from its zero-coupon convertible notes offerings in November and December. In a post on social media platform X, MARA says it now holds 44,394 BTC following its recent purchase of the flagship crypto asset. The Florida-based firm’s BTC […]
The post Bitcoin Mining Giant MARA Gobbles Up $1,530,000,000 Worth of BTC As Fellow Miners Add to Crypto Treasuries appeared first on The Daily Hodl.
MARA Holdings has purchased 15,574 bitcoin worth $1.53 billion at approximately $98,529 per bitcoin using the proceeds from its zero-coupon convertible notes offerings. In November and December, the zero-coupon convertible notes generated $1.925 billion for MARA along with the repurchase of approximately $263 million in principal amount of its current convertible notes due in 2026. […]
MARA's shares closed down 4.4% on the day after announcing it had purchased nearly 11,800 Bitcoin and boosted its hashrate to an industry record.
Bitcoin mining heavyweight MARA Holdings Inc. bought another 11,774 Bitcoin for $1.1 billion on Dec. 10, while its hashrate exceeded 50 exahashes per second (EH/s) — an industry first.
MARA purchased $1.1 billion worth from its zero-coupon convertible note offering from late last month, snapping up the 11,774 Bitcoin (BTC) at an average purchase price of $96,000, it said in a Dec. 10 X post.
As of Dec. 9, MARA held 40,435 Bitcoin, worth $3.92 billion at its current price of around $97,000.
MARA’s recent acquisition of more bitcoin maintains its outlook on bitcoin as both a store of value and a hedge against inflation. MARA Makes Another Big Bitcoin Purchase MARA Holdings acquired 1,423 bitcoin (BTC) worth $139.5 million at the time of purchase, following the completion of its $850 million convertible bond issuance. According to onchain […]
MARA has proposed a further $700 million convertible senior note offering to buy more bitcoin and buy back some of its current notes. MARA Holdings Wants More Bitcoin Bitcoin miner MARA Holdings has revealed plans to buy back existing notes with the goal of buying more bitcoin through a second proposed private offering of $700 […]
MARA Holdings urged the US government to be more aggressive in securing positions in Bitcoin and Bitcoin mining.
Crypto miner Marathon Digital has spent more than $600 million to purchase Bitcoin in the last two months, according to a filing with the United States Securities and Exchange Commission.
In a Dec. 2 filing, MARA Holdings said it acquired 6,484 Bitcoin (BTC) between Oct. 1 and Nov. 30. The coins were purchased for $618.3 million in cash at an average price of $95,352 per BTC.
In addition, MARA Holdings said in a press release that it intends to offer $700 million in convertible senior notes due 2031 in a private offering. The proceeds will be used to purchase more Bitcoin and repurchase existing convertible notes due in 2026.
According to Bitcoin-only financial services firm River, 62 publicly traded companies use a Bitcoin treasury strategy as of November 2024.
Mining company MARA, formerly Marathon Digital, updated investors on November 27, outlining its acquisition of 6,474 Bitcoin (BTC) through its recent 0% $1 billion convertible note offering.
According to the announcement, the company purchased an additional 703 Bitcoin following the initial purchase of 5,771 BTC at an average price of $95,395 per coin. The year-to-date, per-share yield of MARA's BTC is 36.7%, and MARA currently holds roughly 34,797 Bitcoin in its treasury, valued at approximately $3.3 billion.
MARA also purchased a portion of its 2026 notes for $200 million and will use the roughly $160 million remaining from the convertible debt raise to purchase more Bitcoin at more attractive levels during price dips.
MARA Holdings says there will soon be a heated race among nations to gather Bitcoin, and the US needs to step up its game.
Crypto miner MARA Holdings has urged the United States to act more aggressively to “secure dominant positions in Bitcoin and Bitcoin mining,” claiming it’s a matter of national security.
“The United States faces an urgent need to secure its economic and national security interests,” MARA wrote in a Nov. 26 X post.
The miner added that the US needs to take the lead in holding Bitcoin (BTC) just like it has with gold, particularly with the rising trend of de-dollarization — countries shedding reliance on the US dollar.
MARA Holdings Inc., the largest publicly traded bitcoin mining firm, has wrapped up a $1 billion issuance of 0% convertible senior notes set to mature in 2030. Nasdaq Listed Bitcoin Miner MARA Buys 5,771 Bitcoin Following Sale of Convertible Notes MARA Holding, listed as MARA on Nasdaq, stated that the funds will go toward acquiring […]
MARA Holdings, Inc., a Nasdaq-listed bitcoin mining firm, has announced plans for a $700 million private offering of convertible senior notes due in 2030. MARA Holdings Proposes $700 Million Convertible Notes Offering MARA Holdings (Nasdaq: MARA) disclosed on Nov. 18 that the proposed offering is intended for qualified institutional buyers under Rule 144A of the […]