Bitcoin

Yield

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>MARA Holdings bought an additional 703 BTC this month, worth over $67 million.</li> 
 <li>The company also bought back a portion of 2026 notes for $200 million.</li> 
</ul> 
<p>MARA Holdings, bought 6,474 Bitcoin this month, worth over $617 million after it raised $1 billion via convertible notes. MARA is the largest publicly traded BTC miner.</p> 
<h2 id="mara-holdings-boosts-its-btc-reserves">MARA Holdings Boosts Its BTC Reserves</h2> 
<p>In a <a href="https://x.com/MARAHoldings/status/1861848253362274469" rel="nofollow" target="_blank">post</a> on X dated November 27, MARA Holdings announced that following their $1 billion convertible notes offering, it raised its Bitcoin holdings.</p> 
<p>The company bought 703 Bitcoins, bringing the total to 6,474 BTC at an average price of $95,395 per coin this month. This means that this month alone, MARA has acquired more than $617 million in BTC.</p> 
<p>Also, the latest BTC purchase brings the total BTC holdings of the company to 34,794 BTC currently valued at around $3.3 billion, based on a spot BTC price of $95,000, according to the official announcement made via X.</p> 
<p>MARA also revealed that the YTD BTC Yield Per Share is currently 36.7%.</p> 
<p>Also, the company bought back a portion of 2026 notes for $200 million, and it still has $160 million in remaining proceeds available net of transaction costs for future BTC dip purchases.</p> 
<p>The latest 703 BTC purchase comes following a November 22 <a href="https://x.com/maraholdings/status/1860047929719021739?s=61" rel="nofollow" target="_blank">announcement</a> in which MARA revealed the acquisition of 5,771 BTC at an average of $95,554 per BTC.</p> 
<h2 id="mara-s-btc-strategy-boosts-shares">MARA’s BTC Strategy Boosts Shares</h2> 
<p>Today MARA Holdings’s stock is priced at $26.92, up by almost 8%. Stocks are up by over 17% year to date, according to official data.</p> 
<figure id="attachment_54046" aria-describedby="caption-attachment-54046" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/11/MARA1.png"><img loading="lazy" decoding="async" class="wp-image-54046 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/11/MARA1.png" alt="MARA stock price today" width="858" height="648" title="MARA Holdings Bought Over $617M in Bitcoin This Month 36" srcset="https://crypto.ro/en/wp-content/uploads/2024/11/MARA1.png 858w, https://crypto.ro/en/wp-content/uploads/2024/11/MARA1-300x227.png 300w, https://crypto.ro/en/wp-content/uploads/2024/11/MARA1-768x580.png 768w, https://crypto.ro/en/wp-content/uploads/2024/11/MARA1-750x566.png 750w" sizes="(max-width: 858px) 100vw, 858px"></a>
 <figcaption id="caption-attachment-54046" class="wp-caption-text">
  MARA stock price today
 </figcaption>
</figure> 
<p>MARA’s Bitcoin acquisition strategy mirrors another company’s move – MicroStrategy. The firm started acquiring BTC in 2020, and we recently reported that the company <a href="https://crypto.ro/en/news/microstrategy-expands-bitcoin-holdings-with-5-4-billion-purchase/">expanded</a> its BTC holdings this week with a $5.4 billion purchase.</p> 
<p>MARA’s chairman and CEO, Fred Thiel, recently shared a positive outlook on Bitcoin, during the Bitcoin 2024 conference, suggesting that the crypto industry will thrive under a Trump administration, highlighting favorable energy policies that could support BTC mining operations.</p> 
<p>Trump’s presidential inauguration is set to take place on January 20, 2025, and the industry foresees important positive upcoming changes.</p> 
<p>At the moment of writing this article, BTC is trading above $95,000, <a href="https://crypto.ro/en/news/bitcoin-breaks-95k-amid-optimism-over-inflation-data-and-fed-policy/">boosted</a> by optimism in the industry and Fed policy with more potential interest rate cuts on the way.</p>

MARA Holdings Bought Over $617M in Bitcoin This Month

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