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MARA Acquires 15,574 BTC and Holds a Total of 44,394 BTC

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2024-12-19 13:04:21
Bitcoin miner MARA raised $1.925 billion through convertible notes in November and December. Using the proceeds from its zero-coupon convertible note offering, MARA acquired 15,574 BTC at approximately $98,529 per BTC, valued at approximately $1.53 billion, and repurchased the total principal of approximately $263 million of existing convertible notes maturing in 2026, and expects to use the remaining proceeds to purchase more BTC. MARA's BTC yield is 22.5% for QTD and 60.9% for YTD. As of December 18, 2024, MARA held 44,394 BTC, currently valued at $4.45 billion based on the spot BTC price of $100,151.
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