Bitcoin mining company MARA recently announced a series of noteworthy financial moves. The company raised $1.925 billion through convertible notes in November and December, and purchased 15,574 bitcoins at an average price of $98,529, totaling approximately $1.53 billion. Additionally, MARA repurchased convertible notes maturing in 2026, with a total principal of about $263 million, and plans to continue purchasing bitcoins with the remaining funds.

As of December 18, 2024, MARA holds 44,394 bitcoins, valued at $4.45 billion based on a spot price of $100,151. The company achieved a QTD return of 22.5% and a YTD return of 60.9%. The volatility in the bitcoin market remains, but MARA's investment strategy seems to reflect its optimistic outlook for the future. 💰📈