{"id":19399,"date":"2024-12-10T18:10:31","date_gmt":"2024-12-10T16:10:31","guid":{"rendered":"https:\/\/forklog.com\/en\/mara-acquires-1-1-billion-in-bitcoin\/"},"modified":"2024-12-10T18:10:31","modified_gmt":"2024-12-10T16:10:31","slug":"mara-acquires-1-1-billion-in-bitcoin","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/mara-acquires-1-1-billion-in-bitcoin\/","title":{"rendered":"MARA Acquires $1.1 Billion in Bitcoin"},"content":{"rendered":"<p>The mining company MARA Holdings has purchased 11,774 BTC for approximately $1.1 billion, at an average price of around $96,000 per coin.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Using the proceeds from its zero-coupon convertible notes offerings, MARA has acquired 11,774 BTC for ~$1.1 billion at ~$96,000 per <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#bitcoin<\/a> and has achieved BTC Yield of 12.3% QTD and 47.6% YTD. As of 12\/9\/2024, we hold 40,435 BTC, currently valued at $3.9 billion based on a\u2026 <a href=\"https:\/\/t.co\/2uvnrhbxaP\">pic.twitter.com\/2uvnrhbxaP<\/a><\/p>\n<p>\u2014 MARA (@MARAHoldings) <a href=\"https:\/\/twitter.com\/MARAHoldings\/status\/1866467993183543461?ref_src=twsrc%5Etfw\">December 10, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to a <a href=\"https:\/\/www.sec.gov\/ix?doc=\/Archives\/edgar\/data\/1507605\/000149315224049365\/form8-k.htm\">report<\/a> filed with the U.S. Securities and Exchange Commission, the firm manages 40,435 BTC valued at approximately $3.9 billion. The yield since the beginning of the year is 47.6%, and 12.3% since the start of the quarter.<\/p>\n<p>The coins were purchased using funds raised from the sale of zero-coupon convertible bonds.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXdeMbL7XwR76izVNjis5dGRSQgiw__hhlPVPnJAiTjc2D6cR6zLuAhKLB0iHZr6BcYjCdOxwYVEbFMTCCFrDIuWYh6iHhmBYxIXvMf613aKIHmc5glo2yqLq61IZeKxSVfVb_MKMA?key=XB6T7qVGsgbJXenE5N0OM4cI\" alt=\"MARA \u043a\u0443\u043f\u0438\u043b\u0430 \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u044b \u043d\u0430 $1,1 \u043c\u043b\u0440\u0434\"\/><figcaption class=\"wp-element-caption\">Hourly BTC\/USD chart from Binance. Data: <a href=\"https:\/\/www.tradingview.com\/chart\/?symbol=BINANCE%3ABTCUSD\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>At the time of writing, Bitcoin is trading at $97,500, marking an increase of over 27% in the past month.<\/p>\n<p>Back in November 27, MARA Holdings acquired 6,474 BTC for approximately $618 million following the issuance of $1 billion in convertible bonds.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The mining company MARA Holdings has purchased 11,774 BTC for approximately $1.1 billion, at an average price of around $96,000 per coin. Using the proceeds from its zero-coupon convertible notes offerings, MARA has acquired 11,774 BTC for ~$1.1 billion at ~$96,000 per #bitcoin and has achieved BTC Yield of 12.3% QTD and 47.6% YTD. As [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":19398,"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":[18,1137,1185],"class_list":["post-19399","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-cryptocurrency-mining","tag-marathon-digital-holdings"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19399","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=19399"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19399\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/19398"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=19399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=19399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=19399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}