Saylor expects MARA to be ‘the next’ Bitcoin firm to join Nasdaq 100

December 15, 2024 Coin Telegraph

MicroStrategy’s Michael Saylor responded to MARA Holdings' praise, suggesting the firm may be next among Bitcoin firms to join MicroStrategy on the Nasdaq 100.

MicroStrategy founder and Bitcoin bull Michael Saylor has tipped crypto miner MARA Holdings to be next in line among Bitcoin firms to join the Nasdaq 100.

“Thanks Fred. I expect $MARA will be the next,” Saylor said in a Dec. 14 X post, responding to MARA Holdings chairman and CEO Fred Thiel, who congratulated Saylor on MicroStrategy’s inclusion in the Nasdaq-100 Index, which was announced on Dec. 13.

MicroStrategy is expected to join before the trading day begins on Dec. 23.

Ethereum liquid restaking TVL surges from 4M to B in 2024

Ethereum liquid restaking TVL surges from $284M to $17B in 2024

MARA Holdings buys another $1.1 BTC, hits industry-first 50 EH/s

December 11, 2024 Coin Telegraph

MARA Holdings buys another .1 BTC, hits industry-first 50 EH/s

bitcoin treasury

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.

Ethereum liquid restaking TVL surges from $284M to $17B in 2024

Bitcoin ASIC maker Bitmain expands production line into US

December 10, 2024 Coin Telegraph

Antminer S21 Pro

It comes as US Bitcoin miners have had to deal with delayed deliveries of Bitmain ASICs that have been stuck at US ports of entry for weeks.

Bitcoin mining hardware firm Bitmain says it has expanded its production line to the United States to improve supply chain efficiency, while trade tensions continue to escalate between China and the US.

“This strategic move aims to provide faster response times and more efficient services to the North American customers,” China-based Bitmain said in a Dec. 9 X post.

Bitmain is a crypto mining equipment manufacturer known for designing application-specific integrated circuit (ASIC) chips, with reports estimating it holds as much as a 90% marketshare of Bitcoin miners.

Ethereum liquid restaking TVL surges from $284M to $17B in 2024

Mara Holdings raises $1B for Bitcoin acquisition, debt buyback

November 21, 2024 Coin Telegraph

Bitcoin

Mara Holdings has secured $1 billion through convertible notes for strategic debt management and aggressive Bitcoin investment.

Mara Holdings, a cryptocurrency mining and blockchain technology company, has completed a $1 billion issuance of zero-coupon convertible senior notes due March 1, 2030. The company plans to use most of the proceeds to acquire Bitcoin.

The notes, issued to institutional investors under Rule 144A of the Securities Act of 1933, include a conversion price significantly higher than Mara’s recent stock value. The notes can be redeemed under favorable conditions beginning in 2028.

Approximately $199 million, or 20% of the funds, will be allocated to address upcoming debt obligations. The remaining proceeds will support strategic investments, operational growth and Bitcoin (BTC) purchases.

Ethereum liquid restaking TVL surges from $284M to $17B in 2024

Crypto Biz: MicroStrategy’s Bitcoin bet swells

November 16, 2024 Coin Telegraph

Coin Telegraph

This week’s Crypto Biz features MicroStrategy’s Bitcoin strategy, Coinbase’s and Kaiko’s recent acquisitions, MARA’s third-quarter earnings, and MoonPay’s new fiat gateway.

MicroStrategy is ramping up its Bitcoin (BTC) reserve strategy. On Nov. 11, the company disclosed another large purchase of the cryptocurrency, adding 27,200 BTC to its treasury for about $2.03 billion in cash.

According to the firm, the coins were purchased between Oct. 31 and Nov. 10, with an average cost of $74,463 per BTC, including fees and expenses.

The company remains by far the largest corporate holder of Bitcoin, followed only by major mining firms. According to the “Saylor Tracker,” named after the firm’s founder and chairman, Michael Saylor, MicroStrategy now holds 279,420 BTC, worth $24.9 billion as the coin price hovers around $89,000.

Ethereum liquid restaking TVL surges from $284M to $17B in 2024

Texas town residents sue Marathon Digital over crypto mine noise

October 8, 2024 Coin Telegraph

Bitcoin mining

A group of residents in Granbury, Texas, sued Marathon Digital, claiming noise from its nearby Bitcoin mine is a “nuisance” that has caused health issues for some locals.

More than two dozen residents of Granbury, Texas, filed a lawsuit against crypto miner Marathon Digital, claiming its mining site near the town is “intolerably loud.”

The noise from Marathon’s local Bitcoin (BTC) mining facility is a “nuisance” causing “extreme discomfort and annoyance” to those living nearby, the group claimed in the Oct. 4 suit filed in a Hood County court.

The lawsuit claimed that some residents have suffered “sensory, emotional, psychological, and health impacts” due to “constant, unrelenting” noise and vibrations from Marathon’s site.

MARA Holdings

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