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- In a recent SEC filing, MARA disclosed that it had spent $1.1 billion for 11,774 $BTC.
- With this latest acquisition, the Bitcoin miner’s Bitcoin holdings have increased to 40,435 $BTC.
Bringing its total Bitcoin holdings to 40,435 $BTC, Bitcoin miner MARA has announced the acquisition of 11,774 $BTC for $1.1 billion. Just one day after MicroStrategy, the public firm with the biggest Bitcoin holding, disclosed another acquisition, the Bitcoin miner—the second-largest public corporation in terms of Bitcoin holdings—made an announcement.
In a recent SEC filing, MARA disclosed that it had spent $1.1 billion for 11,774 $BTC. Also, in an X post, the Bitcoin miner verified the purchase and said it paid for it using the money it made from selling zero-coupon convertible notes.
Bitcoin Buying Frenzy Continues
The corporation has a $BTC yield of 12.3% QTD and 47.6% YTD; it bought these bitcoins for an average of $96,000 per $BTC. With this latest acquisition, the Bitcoin miner’s $BTC holdings have increased to 40,435 $BTC, which, at the current price, is around $3.9 billion.
Tech entrepreneur and Bitcoin supporter Michael Saylor, co-founder of MicroStrategy, also weighed in on MARA’s statement, mentioning the company’s 47.6% $BTC return so far, which seemed to impress Saylor.
Interestingly, Saylor’s business announced the acquisition of 21,550 $BTC for $2.1 billion the day before MARA Holding made its statement. The two public firms that own the most Bitcoin are MicroStrategy and MARA. While the Bitcoin miner has 40,435 $BTC, the software business has 423,650 $BTC.
On December 10, the price of Bitcoin was around $96,000, a decrease of almost 1.75% in the last 24 hours. Also, that’s down 6.40 percent from the previous high of almost $103,650, set five days ago. An important Microsoft shareholder vote, in which the company would determine whether to add $BTC to its treasury, looks to be occurring just before the intraday decline in Bitcoin prices.
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