Stablecoin

Bank

Bitcoin

Frenzy

<ul class="wp-block-list">
 <li>In a recent SEC filing, MARA disclosed that it had spent $1.1 billion for 11,774 BTC.</li>
 <li>With this latest acquisition, the Bitcoin miner’s Bitcoin holdings have increased to 40,435 BTC.</li>
</ul>
Bringing its total Bitcoin holdings to 40,435 BTC, Bitcoin miner <a href="https://thenewscrypto.com/mara-grows-bitcoin-portfolio-with-latest-1300-btc-purchase/" target="_blank" rel="noopener noreferrer nofollow">MARA</a> 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 <a href="http://sec.gov" rel="noopener noreferrer nofollow">SEC</a> 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.
<h3 class="wp-block-heading" id="h-bitcoin-buying-frenzy-continues">Bitcoin Buying Frenzy Continues</h3>
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 <a href="http://bitcoin.org" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> 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 <a href="http://microstrategy.com" target="_blank" rel="noopener noreferrer nofollow">MicroStrategy</a>, 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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Bitcoin Miner MARA Joins Bitcoin Buying Frenzy with $1.1B Acquisition

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