PANews reported on November 28 that according to an official announcement, Bitcoin mining company MARA Holdings, Inc. announced that it had acquired an additional 703 Bitcoins through the issuance of $1 billion zero-interest convertible senior notes, bringing the total amount of Bitcoins purchased through this batch of senior notes issuance to 6,474, with an average price of $95,395 per Bitcoin. The year-to-date yield per Bitcoin is 36.7%.
The company currently holds a total of approximately 34,794 bitcoins, with a total value of approximately $3.3 billion based on the current bitcoin spot price of $95,000. MARA has repurchased part of the $200 million bonds due in 2026; after deducting transaction costs, the remaining proceeds are approximately $160 million, which can be used for future purchases when the price of bitcoin falls.
