MARA Holdings Acquires 11,774 BTC Worth About $1.10 billion
MARA Holdings, Inc., a bitcoin miner, announced that using the proceeds from its zero-coupon convertible note offering, MARA acquired 11,774 BTC at a price of approximately $96,000 per bitcoin, valued at approximately $1.10 billion, and achieved a BTC yield of 12.3% in QTD and 47.6% in YTD.
As of December 9, 2024, 40,435 BTC were held, currently worth $3.90 billion based on the spot BTC price of $96,500.