MARA raised $1.925 billion from 0% convertible notes in November and December. Using the proceeds from its zero-coupon convertible notes offerings, MARA has acquired 15,574 BTC for ~$1.53 billion at ~$98,529 per #bitcoin and repurchased ~$263 million in aggregate principal amount of its existing convertible notes due 2026, and expects to use the remaining proceeds to acquire additional bitcoin. MARA has achieved BTC Yield of 22.5% QTD and 60.9% YTD. As of 12/18/2024, we hold 44,394 BTC, currently valued at $4.45 billion based on a spot BTC price of $100,151.
$BTC