{"id":18989,"date":"2024-11-28T12:12:26","date_gmt":"2024-11-28T10:12:26","guid":{"rendered":"https:\/\/forklog.com\/en\/mara-acquires-bitcoin-worth-618-million\/"},"modified":"2024-11-28T12:12:26","modified_gmt":"2024-11-28T10:12:26","slug":"mara-acquires-bitcoin-worth-618-million","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/mara-acquires-bitcoin-worth-618-million\/","title":{"rendered":"MARA Acquires Bitcoin Worth $618 Million"},"content":{"rendered":"<p>The largest publicly traded mining company, MARA Holdings, has acquired 6,474 BTC for approximately $618 million following the issuance of $1 billion in convertible bonds.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">With our 0% $1 billion convertible notes offering, we are excited to share an update:<\/p>\n<p>\u2014 Acquired an additional 703 BTC, bringing the total to 6,474 BTC, at an average price of $95,395 per BTC<br \/>\u2014 YTD BTC Yield Per Share 36.7%<br \/>\u2014 Total owned BTC: ~34,794 BTC, currently valued at\u2026 <a href=\"https:\/\/t.co\/bzbunlyBRN\">pic.twitter.com\/bzbunlyBRN<\/a><\/p>\n<p>\u2014 MARA (@MARAHoldings) <a href=\"https:\/\/twitter.com\/MARAHoldings\/status\/1861848253362274469?ref_src=twsrc%5Etfw\">November 27, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The average purchase price was $95,395 per coin.<\/p>\n<p>The firm&#8217;s bitcoin reserves have reached 34,794 BTC, valued at approximately $3.3 billion. Since the beginning of the year, digital gold has provided a yield per share of 36.7%.<\/p>\n<p>From the raised amount, MARA allocated $200 million to repurchase bonds maturing in 2026.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe remaining ~$160 million, after transaction costs, is available for future BTC purchases during downturns,\u201d the company stated.<\/p>\n<\/blockquote>\n<p>On November 18, MARA announced a private placement of convertible bonds with a 0% coupon and a 42.5% premium to the weighted average share price, amounting to $700 million. Due to oversubscription and an additional option for initial buyers, the amount increased to $1 billion.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">0% coupon with a 42.5% premium \u2014 highest premium % for a 0% coupon since 2021. Oversubscribed and upsized up to a total $1 billion. <a href=\"https:\/\/twitter.com\/MARAHoldings?ref_src=twsrc%5Etfw\">@MARAHoldings<\/a> <a href=\"https:\/\/t.co\/pnPVYBloS9\">https:\/\/t.co\/pnPVYBloS9<\/a><\/p>\n<p>\u2014 Salman Khan (@theRealSalKhan) <a href=\"https:\/\/twitter.com\/theRealSalKhan\/status\/1858678340103925878?ref_src=twsrc%5Etfw\">November 19, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Following the announcement of the 6,474 BTC purchase, the company&#8217;s stock price rose by 7.81% during the trading session on November 27, reaching $26.92. MARA&#8217;s market capitalization exceeded $8.66 billion.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"427\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/MARA-Holdings-Inc.-MARA-Stock-Price-News-Quote-History-Yahoo-Finance-Google-Chrome-1024x427.jpg\" alt=\"MARA-Holdings-Inc.-MARA-Stock-Price-News-Quote-History-Yahoo-Finance-Google-Chrome\" class=\"wp-image-246245\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/MARA-Holdings-Inc.-MARA-Stock-Price-News-Quote-History-Yahoo-Finance-Google-Chrome-1024x427.jpg 1024w, https:\/\/forklog.com\/wp-content\/uploads\/MARA-Holdings-Inc.-MARA-Stock-Price-News-Quote-History-Yahoo-Finance-Google-Chrome-300x125.jpg 300w, https:\/\/forklog.com\/wp-content\/uploads\/MARA-Holdings-Inc.-MARA-Stock-Price-News-Quote-History-Yahoo-Finance-Google-Chrome-768x320.jpg 768w, https:\/\/forklog.com\/wp-content\/uploads\/MARA-Holdings-Inc.-MARA-Stock-Price-News-Quote-History-Yahoo-Finance-Google-Chrome.jpg 1031w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/finance.yahoo.com\/quote\/MARA\/\">Yahoo Finance<\/a>.<\/figcaption><\/figure>\n<p>Since the start of the year, the stock has risen by 14.6%, while the price of digital gold has increased by approximately 130%.<\/p>\n<p>In October, analysts at Matrixport highlighted the potential for miner stock prices to rise, considering the stabilization of revenue declines and their lag behind bitcoin&#8217;s performance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The largest publicly traded mining company, MARA Holdings, has acquired 6,474 BTC for approximately $618 million following the issuance of $1 billion in convertible bonds. With our 0% $1 billion convertible notes offering, we are excited to share an update: \u2014 Acquired an additional 703 BTC, bringing the total to 6,474 BTC, at an average [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18988,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137,1185],"class_list":["post-18989","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-marathon-digital-holdings"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=18989"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18989\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/18988"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=18989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=18989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=18989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}