Bitcoin Mining Giant MARA Gobbles Up $1,530,000,000 Worth of BTC As Fellow Miners Add to Crypto Treasuries

Bitcoin (BTC) mining firm MARA says it has acquired 15,574 BTC for $1.53 billion, after elevating $1.925 billion from its zero-coupon convertible bond providing in November and December.

In a publish on social media platform X, MARA stated say it now owns 44,394 BTC following the latest buy of the flagship crypto asset.

The Florida-based firm’s BTC stake is at present value $4.3 billion, primarily based on Bitcoin’s worth of $97,377.

“MARA has acquired 15,574 BTC for ~$1.53 billion at ~$98,529 per Bitcoin and has repurchased ~$263 million in combination principal quantity of its current convertible notes due 2026, and expects to make use of the remaining proceeds to amass extra Bitcoin. ”

The corporate says it plans to purchase extra Bitcoin because it sees a BTC return 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.

Cabin 8 says it simply bought roughly 990 BTC for $100 million, rising its Bitcoin reserve to a complete of 10,096 BTC value roughly $983.1 million primarily based on the asset’s present worth.

Says Hut 8 CEO Asher Genoot:

“We imagine deeply in our operations and that constructing a strategic Bitcoin reserve will strengthen our monetary place as we pursue large-scale development initiatives in power and digital infrastructure.”

Riot Platforms additionally not too long ago bought 5,117 BTC utilizing bonds issued by corporations, rising its Bitcoin holdings to 16,728 BTC, which is now value $1.63 billion.

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