MARA Holdings recently announced the purchase of 15,574 Bitcoin for $1.53 billion. This acquisition is part of the company's broader strategy to increase its cryptocurrency assets.
New Investment by MARA: 15,574 BTC Purchase
MARA Holdings acquired 15,574 Bitcoin at an average price of $98,529 per coin. This purchase was financed by $1.925 billion from two offerings of 0% convertible senior notes announced in late November and early December.
MARA's HODL Strategy: 44,394 BTC Held
Following Michael Saylor's example, MARA is adhering to a 'HODL' strategy, retaining all mined Bitcoin on its accounts. As of December 19, 2024, the company's total holdings consist of 44,394 BTC, valued at $4.45 billion.
Comparison with MicroStrategy
Despite substantial volumes, MARA ranks second after MicroStrategy, whose assets account for 439,000 BTC as of December 16, 2024. The company continues to lead the industry by investing massive amounts in Bitcoin.
MARA Holdings is confidently moving towards strengthening its position in the cryptocurrency market by actively increasing its Bitcoin assets.
