The mining company MARA Holdings has additionally acquired 15,574 BTC for a total of $1.53 billion at an average price of ~$98,529 per coin.$STRAX $USUAL $XRP

The firm used $1.925 billion raised through the issuance of convertible bonds in November and December for the purchases.

Part of the revenue amounting to ~$263 million was directed by MARA to buy back existing bonds maturing in 2026. The remaining funds the company plans to use for further increasing its bitcoin reserves.

As of December 18, 2024, we hold 44,394 BTC, which are currently valued at $4.45 billion based on a spot price of $100,151,” said MARA in a statement.

JPMorgan analysts noted in early December that public miners are increasingly adopting MicroStrategy's strategy of accumulating bitcoins on their balance sheets to enhance shareholder value. MARA was a pioneer in this regard, followed by Riot Platforms and Hut 8 Corp.

The latter reported on December 19 about the acquisition of 990 BTC for approximately $100 million. The average purchase price was $101,710 per coin.#2024withBinance