Bitcoin

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MARA, formerly Marathon Digital, has made a bold move in the Bitcoin space. On November 28, the company revealed it acquired 6,474 BTC through its recent $1 billion convertible note offering at a 0% interest rate.&nbsp; 
This includes an additional 703 BTC purchased on 28 November after its initial buy of 5,771 BTC on November 23. Both these purchases now has an average price of $95,395 per coin. MARA now holds 34,797 BTC in its treasury, valued at $3.3 billion. 
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Following its strategy, MARA also repurchased a portion of its 2026 notes for $200 million. The company plans to use the remaining $160 million from the debt raise to buy more Bitcoin during price dips.&nbsp;&nbsp; 
This approach mirrors MicroStrategy, which has used corporate debt to amass Bitcoin since 2020. Recently, MicroStrategy issued $3 billion in senior convertible notes at 0% interest to fund Bitcoin purchases. Between November 18 and 24, the company bought 55,000 BTC at an average price of $97,862 per coin, pushing its total holdings to 386,700 BTC.&nbsp;&nbsp; 
However, only some people support this high-risk strategy. Critics warn that using debt to buy Bitcoin could lead to financial trouble if Bitcoin’s price drops sharply. While MicroStrategy’s shares fell 25% on November 21, its repayment obligations won’t hit until 2028, giving it time to weather market fluctuations.&nbsp;&nbsp; 
With MARA and MicroStrategy doubling down on Bitcoin, these moves could signal a new wave of corporate interest in digital assets — or a gamble that’s yet to pay off. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/11/21/marathon-digital-raises-1b-to-buy-more-bitcoin/" target="_blank" rel="noreferrer noopener">Marathon Digital Raises $1B to Buy More Bitcoin</a> 
</blockquote>

MARA Acquired 6,474 BTC via $1B Convertible Note Offering

The Crypto Times

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