According to ChainCatcher, data disclosed by Bitcoin mining company MARA showed that it had raised $1.925 billion through convertible notes in November and December and bought 15,574 BTC at an average price of $98,529, or about $1.53 billion. It also repurchased the total principal of its existing convertible notes due in 2026 of about $263 million, and expected to use the remaining proceeds to buy more Bitcoin. MARA has achieved a QTD yield of 22.5% and a YTD yield of 60.9%. As of December 18, 2024, MARA holds 44,394 BTC, which is currently worth $4.45 billion based on the spot BTC price of $100,151.

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