MARA Holdings Boosts Bitcoin Reserves to $3.4 Billion with Latest Acquisition

MARA Holdings, a prominent Bitcoin mining firm, has significantly expanded its cryptocurrency reserves with the purchase of 5,771 BTC, amounting to $572 million.

The acquisition was made at an average price of $95,554 per Bitcoin, highlighting the company’s strategic focus on strengthening its Bitcoin holdings amid the cryptocurrency’s continued rally toward $100,000.

Using funds raised through a 0% convertible note offering, MARA secured $1 billion, with $980 million available after fees. A substantial portion was allocated to this latest Bitcoin purchase.

The company now holds approximately 33,875 BTC, valued at $3.4 billion at current prices, positioning it as one of the largest Bitcoin-holding miners globally.

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MARA’s strategy includes leveraging zero-coupon convertible notes, which eliminate immediate interest payments, enabling the firm to prioritize Bitcoin accumulation and expand its mining operations.

The company has also reported a 35% Bitcoin yield per share, reflecting the financial success of its aggressive acquisition approach.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.