The company #MARA has strengthened its position in the world of cryptocurrencies by acquiring 11,774 BTC for $1.1 billion. As of December 9, 2024, the company now holds 40,435 BTC, with a total value of $3.9 billion, based on the current BTC price of $96,500. The yield for the last quarter was 12.3%, and for the year — 47.6%.
📊 Key points:
Investments in BTC:
Marathon used funds from zero-coupon convertible bond offerings to purchase cryptocurrency.
Position of leadership:
A holding of 40,435 BTC makes the company one of the largest institutional holders of Bitcoin.
Long-term growth:
BTC continues to prove its value as a capital preservation tool, as evidenced by high yield performance.
💎 Conclusions:
Institutional interest in #Bitcoin continues to grow.
#MARA employs a long-term holding strategy for BTC to increase its capital.