Bitcoin

Yield

Billion

<ul class="wp-block-list">
 <li>MARA acquired 11,774 BTC for $1.1B, boosting holdings to 40,435 BTC worth $3.9B at current prices.</li>  
 <li>Marathon Digital achieves 50 EH/s hashrate, marking a new milestone in public Bitcoin mining performance.</li>  
 <li>Institutional Bitcoin adoption grows as MARA and MicroStrategy dominate with significant acquisitions and reserves.</li> 
</ul>  
<p>Marathon Digital Holdings has <a href="https://x.com/MARAHoldings/status/1866467993183543461" rel="noopener noreferrer nofollow">acquired</a> 11,774 Bitcoin for $1.1 billion. This is according to a recent SEC filing. The purchase increases MARA's total Bitcoin holdings to 40,435 BTC, valued at approximately $3.9 billion at current prices.&nbsp;</p>  
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<p>The company financed the acquisition using proceeds from its zero-coupon convertible note offerings. MARA confirmed the transaction in an X post, highlighting its strategy to retain mined Bitcoin and expand reserves.&nbsp;&nbsp;</p>  
<h2 class="wp-block-heading" id="h-average-purchase-price-and-yield-performance-nbsp"><strong>Average Purchase Price and Yield Performance</strong>&nbsp;</h2>  
<p>MARA purchased the Bitcoin at an average price of $96,000 per BTC. The company reported a 12.3% Bitcoin yield quarter-to-date and 47.6% year-to-date. These metrics reflect its strong performance in increasing Bitcoin reserves through strategic acquisitions.&nbsp;&nbsp;</p>  
<p>MicroStrategy's co-founder, <a href="https://cryptonewsland.com/michael-saylor-urges-us-to-replace-gold-reserves-with-bitcoin/" rel="noopener noreferrer nofollow">Michael Saylor</a>, commented on MARA's announcement. He noted the company's impressive YTD Bitcoin yield of 47.6%, which aligns with his advocacy for Bitcoin adoption.&nbsp;&nbsp;</p>  
<h2 class="wp-block-heading" id="h-comparisons-with-microstrategy-s-holdings-nbsp"><strong>Comparisons with MicroStrategy's Holdings </strong>&nbsp;</h2>  
<p>This announcement follows MicroStrategy's <a href="https://cryptonewsland.com/microstrategy-buys-2-1b-in-bitcoin-boosting-holdings-to-42-billion/" rel="noopener noreferrer nofollow">acquisition</a> of 21,550 BTC for $2.1 billion. With these additions, MicroStrategy now holds 423,650 BTC, far exceeding MARA’s 40,435 BTC. Both companies continue to lead among public firms in Bitcoin holdings.&nbsp;&nbsp;</p>  
<p>In addition to expanding its Bitcoin holdings, MARA reached a hashrate milestone of 50 exahashes per second (EH/s). This achievement makes MARA the first public Bitcoin miner to cross this threshold. The company doubled its hashrate in 2024, meeting its year-end target.&nbsp;&nbsp;</p>  
<p>MARA’s CEO, Fred Thiel, stated that the company plans to continue scaling its operations. He hinted at deploying additional miners using existing capacity to further bolster performance.&nbsp;&nbsp;</p>  
<p>The growing institutional interest in Bitcoin remains notable. In addition, Microsoft shareholders are voting on a Bitcoin adoption proposal. If approved, it could position Microsoft among the rising number of firms embracing cryptocurrency.&nbsp;&nbsp;</p>  
<p>This series of strategic purchases and operational achievements demonstrates the increasing role of Bitcoin in corporate strategies.</p> 
<p>The post <a href="https://cryptonewsland.com/mara-boosts-bitcoin-holdings-to-40435-btc-with-1-1-billion-purchase/" rel="noopener noreferrer nofollow">MARA Boosts Bitcoin Holdings to 40,435 BTC with $1.1 Billion Purchase</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

MARA Boosts Bitcoin Holdings to 40,435 BTC with $1.1 Billion Purchase

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