Bitcoin (BTC) mining firm MARA says it acquired 15,574 BTC for $1.53 billion after elevating $1.925 billion from its zero-coupon convertible notes choices in November and December.
In a submit on social media platform X, MARA says it now holds 44,394 BTC following its current buy of the flagship crypto asset.
The Florida-based agency’s BTC holding is at present price $4.3 billion based mostly on Bitcoin’s worth of $97,377.
“MARA has acquired 15,574 BTC for ~$1.53 billion at ~$98,529 per Bitcoin and repurchased ~$263 million in mixture principal quantity of its current convertible notes due 2026, and expects to make use of the remaining proceeds to accumulate further Bitcoin.”
The corporate says it plans to purchase extra Bitcoin because it achieves a BTC yield of twenty-two.5% quarter-to-date (QTD) and 60.9% year-to-date (YTD).
Different Bitcoin mining corporations are additionally increasing their BTC treasuries.
Hut 8 says it simply bought roughly 990 BTC for $100 million, rising its Bitcoin reserve to a complete of 10,096 BTC price round $983.1 million based mostly on the asset’s present worth.
Says Hut 8 CEO Asher Genoot,
“We imagine deeply in our working enterprise and that constructing a strategic Bitcoin reserve will fortify our monetary place as we pursue large-scale development initiatives throughout energy and digital infrastructure.”
Riot Platforms additionally just lately bought 5,117 BTC utilizing company-issued bonds, rising its Bitcoin holdings to 16,728 BTC, which is now price $1.63 billion.
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