According to Foresight News, Bitcoin mining company MARA announced that it purchased 15,574 Bitcoins for $1.53 billion in November and December, with an average purchase price of approximately $98,529 per Bitcoin. MARA raised $1.925 billion in November and December through the issuance of convertible notes, of which $1.53 billion has been used to purchase Bitcoin, $263 million for the buyback of existing convertible notes maturing in 2026, and the remaining proceeds are expected to be used for the purchase of additional Bitcoin.
As of December 18, 2024, MARA holds 44,394 BTC, valued at $4.45 billion based on the current spot price of BTC at $100,151.
