MARA, a Nasdaq-listed Bitcoin miner, has purchased over $1.5 billion worth of Bitcoin in the past two months. These purchases were financed by two convertible bond issues. The company’s Bitcoin holdings are up 50% this quarter and 200% since the beginning of the year.

MARA used the $1.53 billion it received from convertible bonds it purchased in November and December to purchase 15,574 BTC. The company’s total BTC holdings have reached 44,394. Its current BTC holdings are worth around $4.45 billion.

These developments have led other companies in the crypto market to take similar steps. Do you think this trend will continue? Share your thoughts in the comments.