PANews reported on December 19 that according to official news, data disclosed by Bitcoin mining company MARA showed that it had raised US$1.925 billion through convertible notes in November and December and purchased 15,574 BTC at an average price of US$98,529, worth approximately US$1.53 billion. It also repurchased a total principal of approximately US$263 million of its existing convertible notes due in 2026, and expects to use the remaining proceeds to purchase more Bitcoin.
MARA has achieved a 22.5% QTD return and a 60.9% YTD return. As of December 18, 2024, MARA holds 44,394 BTC, which is currently worth $4.45 billion based on the spot BTC price of $100,151.
