CoinVoice recently learned that Bitcoin mining company MARA disclosed that it has raised $1.925 billion through convertible notes in November and December and purchased 15,574 BTC at an average price of $98,529, totaling approximately $1.53 billion. It also repurchased approximately $263 million in 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. [Original link]
