MARA Holdings acquires 5,771 Bitcoin for US$573 million, expanding reserve asset to US$3.4 billion

MARA Holdings purchased 5,771 Bitcoin at an average price of US$95,554 per BTC, bringing its total holdings to 33,875 BTC.

MARA Holdings purchased 5,771 Bitcoin at an average price of US$95,554 per BTC, bringing its total holdings to 33,875 BTC. 

The acquisition was funded through a 0% convertible note offering that raised US$1 billion, netting US$980 million after fees.

The digital asset miner achieved a 35% Bitcoin yield per share through this strategy, positioning itself among the world’s largest Bitcoin-holding miners. 

The zero-interest convertible notes allow MARA to expand its reserves without immediate interest payment obligations.

This approach mirrors MicroStrategy’s corporate reserve asset strategy, as both companies leverage corporate debt for Bitcoin acquisition. MARA plans to allocate additional funds toward mining operations expansion, debt repayment, and strategic acquisitions.

The purchase comes amid Bitcoin’s continued rally toward US$100,000. The total Bitcoin market capitalization now exceeds US$1.9 trillion.

Share this Post:

Accessibility Toolbar