Bitcoin miner MARA Holdings has purchased an additional 5,771 BTC for $572 million, bringing its total holdings to around 33,875 BTC. The company raised $1 billion through its 0% convertible senior note offering, which helped fund the acquisition. This brings MARA’s total value of Bitcoin holdings to $3.4 billion based on Bitcoin’s spot price of $99,000.
MARA’s strategy to accumulate Bitcoin as a corporate asset has led it to become one of the largest Bitcoin-holding miners globally.
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<p>The post MARA Holdings Buys 5,771 BTC for $572 Million, Aims to Accumulate 33,875 BTC first appeared on CoinBuzzFeed.</p>
