According to ChainCatcher news, 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, and repurchased about $263 million of its existing convertible notes maturing in 2026, with plans to use the remaining proceeds to buy more Bitcoin.
MARA has achieved a QTD return of 22.5% and a YTD return of 60.9%. As of December 18, 2024, MARA holds 44,394 BTC, valued at $4.45 billion based on the current spot BTC price of $100,151.
