Bitcoin mining company MARA Holdings announced the purchase of an additional 703 Bitcoins, increasing their holdings to 6,474. The company raised $1 billion through zero-coupon convertible senior notes to fund the acquisitions, with an average purchase price of $95,395 per Bitcoin. The company’s total holdings are now worth approximately $3.3 billion, based on the current Bitcoin price of $95,000.
MARA has also repurchased $200 million worth of bonds due in 2026, with around $160 million remaining for future Bitcoin purchases if the price declines.
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<p>The post MARA Holdings Buys 703 More Bitcoins Despite Price Decline. first appeared on CoinBuzzFeed.</p>
