MARA Holdings acquired over $600M Bitcoin in the last two months
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.
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Author: Ezra Reguerra
