Bitcoin miner MARA has announced the purchase of 11,774 BTC for $1.1 billion, bringing its total Bitcoin holdings to 40,435 BTC. The Bitcoin miner is the public company with the second largest Bitcoin holdings, and this announcement comes just a day after MicroStrategy, the public company with the largest BTC holding, announced another purchase.

MARA Acquires 11,774 BTC For $1.1 Billion

MARA revealed in a recent filing with the SEC that it had purchased 11,774 BTC for $1.1 billion. Meanwhile, the Bitcoin miner also confirmed this purchase in an X post, stating that it used the proceeds from its zero-coupon convertible notes offerings to make this purchase.

The company acquired this bitcoins at an average price of $96,000 per BTC and has achieved a BTC yield of 12.3% quarter-to-date (QTD) and 47.6% year-to-date (YTD). Following this recent purchase, the Bitcoin miner now holds 40,435 BTC, which is worth around $3.9 billion based on the current Bitcoin price.

The post Breaking: Bitcoin Miner MARA Acquires 11,774 BTC For $1.1 Billion appeared first on CoinGape.

---

Filed under: News - @ December 10, 2024 1:27 pm