Bitcoin Miner MARA Buys Another 703 BTC, Increases Total Holdings To 34,794 BTC
MARA has acquired an additional 703 BTC, raising its total holdings to 34,794 BTC, valued at approximately $3.3 billion. The purchase was made at an average price of $95,395, contributing to a total of 6,474 BTC acquired in November. MARA's year-to-date BTC yield per share is 36.7%. The firm raised $1 billion through 0% convertible senior notes, allocating $160 million for future Bitcoin purchases. CEO Fred Thiel noted increased institutional interest in BTC, anticipating favorable regulations under a potential Trump administration. MARA's stock closed at $26.92, up 7.81% for the day and 26.92% over six months. Other corporations, like Rumble and Metaplanet, are also increasing their BTC holdings, fueling speculation that Bitcoin could exceed $100,000 soon.
