2024

Bitcoin

MSTR

Yield

Note

<ul class="wp-block-list">
 <li><strong>MARA’s Bitcoin holdings totaled 34,794 BTC with the recent purchase of 703 Bitcoins.&nbsp;</strong></li>
 <li><strong>The firm announced the purchase with its 0% convertible note offerings due 2030.&nbsp;</strong></li>
 <li><strong><strong>Microstrategy purchased 55,500 BTC with its $3B convertible note offerings due 2029.</strong></strong>&nbsp;</li>
</ul>
<p>Bitcoin mining company, MARA Holdings announced an additional acquisition of 703 BTC, totaling 6,474 BTC holdings at an average price of $95,395 per 1 BTC. The company acquired these Bitcoins with its latest 0% $1B convertible notes offering, following in the footsteps of Microstrategy.&nbsp;</p>
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  <p dir="ltr" lang="en">With our 0% $1 billion convertible notes offering, we are excited to share an update:<br><br>– Acquired an additional 703 BTC, bringing the total to 6,474 BTC, at an average price of $95,395 per BTC<br>– YTD BTC Yield Per Share 36.7%<br>– Total owned BTC: ~34,794 BTC, currently valued at… <a href="https://t.co/bzbunlyBRN" rel="noopener noreferrer nofollow">pic.twitter.com/bzbunlyBRN</a></p> — MARA (@MARAHoldings) <a href="https://twitter.com/MARAHoldings/status/1861848253362274469?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 27, 2024</a>
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<p>As per the announcement posted on X, MARA Holdings company added another 703 Bitcoins to its existing BTC holdings. Combined with an initial purchase of 5,771 BTC, MARA obtained a total of 6,474 BTC in the recent bull trend. With this acquisition, MARA’s BTC holdings amounted to a total 34,794 BTC, valued at $3.3 billion, if we consider BTC’s price to be $95,000.&nbsp;</p>
<h3 id="h-the-trend-of-0-convertible-note-offerings-by-mstr-and-mara" class="wp-block-heading">The Trend of 0% Convertible Note Offerings by MSTR and MARA</h3>
<p>MARA holdings purchased additional Bitcoins with its <a href="https://ir.mara.com/news-events/press-releases/detail/1379/mara-holdings-inc-completes-1-billion-offering-of-0-convertible-senior-notes-due-2030" target="_blank" rel="noopener noreferrer nofollow">0% convertible senior note offerings worth $1 billion</a>. The firm also purchased a portion of its 2026 notes for $200 million and overall $160 million is available for future Bitcoin dip purchases.&nbsp;</p>
<p>Offering 0% convertible notes is a new fundraising plan started with <a href="https://thenewscrypto.com/microstrategy-boosts-note-offering-to-2-6b-eyes-bitcoin-rally-to-100k/" target="_blank" rel="noopener noreferrer nofollow">Microstrategy</a>. While Microstrategy is only a mobile software company that acquires Bitcoins, MARA Holdings is directly linked with BTC, being the largest Bitcoin mining company that mines around <a href="https://ir.mara.com/news-events/press-releases/detail/1373/mara-announces-bitcoin-production-and-mining-operation-updates-for-october-2024" target="_blank" rel="noopener noreferrer nofollow">23 BTC per day</a>. Thus, the current fundraising with the zero-coupan notes and BTC purchases could benefit MARA stock more than MSTR.&nbsp;</p>
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 <blockquote class="twitter-tweet">
  <p dir="ltr" lang="en">MicroStrategy has acquired 55,500 BTC for ~$5.4 billion at ~$97,862 per <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#bitcoin</a> and has achieved BTC Yield of 35.2% QTD and 59.3% YTD. As of 11/24/2024, we hodl 386,700 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> acquired for ~$21.9 billion at ~$56,761 per bitcoin. <a href="https://twitter.com/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$MSTR</a> <a href="https://t.co/79ExzXk4UM" rel="noopener noreferrer nofollow">https://t.co/79ExzXk4UM</a></p> — Michael Saylor <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@saylor) <a href="https://twitter.com/saylor/status/1861033309934862601?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 25, 2024</a>
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<p>Microstrategy recently purchased <a href="https://thenewscrypto.com/microstrategy-acquires-55500-btc-total-holdings-reach-386700/" target="_blank" rel="noopener noreferrer nofollow">55,500 BTC</a> at an average price of $97,862 per BTC. With this purchase, the firm holds a total of 386,700 Bitcoins as of November, 2024.&nbsp;</p>
<p>Despite the major corporate companies buying Bitcoins with debt financing, analysts say it is risky and unsustainable. In case the bull market ends and Bitcoin goes down, these companies face a huge risk.&nbsp;</p>
<p>Nonetheless, Microstrategy offered convertible notes due 2029 and MARA’s note offerings due 2030. That gives ample time for these companies to cover any short-term risks in case Bitcoin’s price declines.</p>

MARA Holds Total 34,794 BTC With Recent 703 Bitcoin Purchase

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