MARA purchases $615 million worth of bitcoin, boosting total holdings to 34,794 BTCMARA Holdings, the largest publicly traded bitcoin miner, acquired 6,474 bitcoin worth about $615 million after raising $1 billion through convertible notes.
In a Wednesday post on X, MARA, formerly Marathon Digital, wrote that it acquired its latest batch of
BTC +2.14%
at an average price of $95,395 per bitcoin, bringing its total holdings to 34,794 BTC, valued at approximately $3.3 billion.
XMARA still has about $160 million in remaining proceeds available net of transaction costs for future BTC dip purchases, the company said yesterday. It added that it had repurchased a portion of 2026 notes for $200 million.MARAs stock closed up 7.81% at $26.92 on Wednesday. According to Google Finance, it has gained 42.13% over the past month and 17.4% year-to-date, with its market cap reaching $9 billion.
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