According to ChainCatcher, Bitcoin mining company MARA disclosed that it has raised $1.925 billion through convertible notes in November and December, purchasing 15,574 BTC at an average price of $98,529, totaling approximately $1.53 billion. It also repurchased about $263 million of the principal of its existing convertible notes due in 2026 and expects to use the remaining proceeds to purchase more Bitcoin. MARA has achieved a 22.5% QTD return and a 60.9% YTD return. As of December 18, 2024, MARA holds 44,394 BTC, valued at approximately $4.45 billion based on the spot BTC price of $100,151.

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