Bitcoin

Marathon Digital Holdings (MARA), a Bitcoin mining corporation, has made significant expenditures to grow its holdings.
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 <figure class="aligncenter size-large"><img decoding="async" width="484" height="484" src="https://www.cryptotimes.io/wp-content/uploads/2024/12/Mara-Expand-BTC-holdings-484x484.png" alt="Mara Expand BTC holdings" class="wp-image-221984">
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 Mara Expand BTC holdings, Source: <a href="https://x.com/MARAHoldings/status/1866467993183543461" target="_blank" data-type="link" data-id="https://x.com/MARAHoldings/status/1866467993183543461" rel="noopener noreferrer nofollow">X</a>
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According to the post on X, MARA purchased 11,774 bitcoins for nearly $1.1 billion, averaging $96,000 per bitcoin. The corporation funded its transaction by issuing zero-coupon convertible notes, a sort of debt that can be converted into company shares.
As of December 9, 2024, MARA held 40,435 bitcoins as of December 9, 2024, worth approximately $3.9 billion depending on the current Bitcoin price of $96,500. The company recorded a Bitcoin yield of 12.3% for the current quarter and 47.6% year to date, demonstrating significant profits on its Bitcoin assets.
In addition to purchasing Bitcoin, MARA is expanding its mining operations. The company has acquired multiple Bitcoin mining sites, including a 200-megawatt data center adjacent to a wind farm in Texas, aiming to enhance its mining capacity and support sustainable energy initiatives.&nbsp;
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 Also Read: <a href="https://www.cryptotimes.io/2024/12/03/mara-raises-850m-in-convertible-notes-to-buy-more-bitcoin/" target="_blank" rel="noopener noreferrer nofollow">MARA Raises $850M in Convertible Notes to Buy More Bitcoin</a>
</blockquote>

MARA Bitcoin Holdings Nears $4B with Latest Purchase

The Crypto Times

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