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CoinGape 2024-12-10 13:27:52

Breaking: Bitcoin Miner MARA Acquires 11,774 BTC For $1.1 Billion

Bitcoin miner MARA has announced the purchase of 11,774 BTC for $1.1 billion, bringing its total Bitcoin holdings to 40,435 BTC. The Bitcoin miner is the public company with the second largest Bitcoin holdings, and this announcement comes just a day after MicroStrategy, the public company with the largest BTC holding, announced another purchase. MARA Acquires 11,774 BTC For $1.1 Billion MARA revealed in a recent filing with the SEC that it had purchased 11,774 BTC for $1.1 billion. Meanwhile, the Bitcoin miner also confirmed this purchase in an X post, stating that it used the proceeds from its zero-coupon convertible notes offerings to make this purchase. The company acquired these bitcoins at an average price of $96,000 per BTC and has achieved a BTC yield of 12.3% quarter-to-date (QTD) and 47.6% year-to-date (YTD). Following this recent purchase, the Bitcoin miner now holds 40,435 BTC, worth around $3.9 billion based on the current Bitcoin price . MicroStrategy co-founder Michael Saylor also commented on MARA’s announcement, touching on the fact that the company has achieved a BTC yield of 47.6% YTD, which seemed to have impressed the tech entrepreneur and Bitcoin advocate. Interestingly, MARA Holding’s announcement comes just a day after Saylor’s company announced that it purchased 21,550 BTC for $2.1 billion. MicroStrategy and Marathon Digital are the public companies with the largest Bitcoin holding. The software company is well ahead though with 423,650 BTC compared to the Bitcoin miner’s 40,435 BTC. The post Breaking: Bitcoin Miner MARA Acquires 11,774 BTC For $1.1 Billion appeared first on CoinGape .