In a significant development within the cryptocurrency sector, MARA Holdings has disclosed the acquisition of an additional 703 Bitcoins through the issuance of $1 billion in zero-coupon convertible senior notes. This latest purchase elevates their accumulated total to 6,474 Bitcoins, with the average purchase price recorded at $95,395 per unit. As of now, the firm boasts a total of approximately 34,794 Bitcoins, equating to an estimated value of $3.3 billion, based on the current pricing of around $95,000 per Bitcoin. Furthermore, the year-to-date return for each Bitcoin stands at a commendable 36.7%. Notably, MARA has also repurchased a portion of its 2026 maturing bonds valued at $200 million, leaving around $160 million in proceeds. These funds are set aside for potential acquisitions should there be a dip in Bitcoin prices.
Source: https://en.coinotag.com/breakingnews/mara-holdings-boosts-bitcoin-reserves-with-1-billion-purchase-now-holding-34794-bitcoins/