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Money MindHub > Mining > MARA Holding has purchased $1.1 billion in Bitcoin and holds 40,435 BTC
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MARA Holding has purchased $1.1 billion in Bitcoin and holds 40,435 BTC

MoneyMindHub December 11, 2024
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MARA Holding, azienda di mining quotata al NASDAQ, ha annunciato di aver acquistato 1,1 miliardi di dollari in Bitcoin, detenendo un totale di 40.435 BTC. Non solo, MARA ha anche raggiunto il suo record di hashrate di 50 EH/s. 

MARA Holding: the new $1.1 billion purchase in Bitcoin with an offer of convertible notes

MARA Holding has announced that it has executed its new purchase of 11,774 Bitcoin (BTC), for 1.1 billion dollars. 

Using the proceeds from its zero-coupon convertible notes offerings, MARA has acquired 11,774 BTC for ~$1.1 billion at ~$96,000 per #bitcoin and has achieved BTC Yield of 12.3% QTD and 47.6% YTD. As of 12/9/2024, we hold 40,435 BTC, currently valued at $3.9 billion based on a… pic.twitter.com/2uvnrhbxaP

— MARA (@MARAHoldings) December 10, 2024

In practice, MARA Holding used the proceeds from its zero-coupon convertible notes offering at the end of last month, acquiring the 11,774 Bitcoin (BTC) at an average purchase price of 96,000 dollars. 

As of today, the mining company listed on NASDAQ holds a total of 40,435 BTC, equivalent to over 3.9 billion dollars. 

Not only that, the company reported having achieved a “BTC Yield” of 12.3% in the fourth quarter and 47.6% this year. 

MARA Holding and the hashrate record at 50 EH/s for the first publicly traded BTC mining company

Another significant milestone for MARA Holding is the hashrate record of 50 EH/s achieved, becoming the first publicly traded Bitcoin mining company to cross this threshold. 

The CEO of MARA, Fred Thiel, took it upon himself to comment on the event, who commented as follows:

“Mission accomplished… but why stop here? Stay tuned because we have more miners on the shelf and we will continue to add them using our existing capacity.”

The arrival of Bitmain ASICs in the USA

And speaking of Bitcoin mining, lately Bitmain, the famous Chinese company that produces ASICs for BTC, announced its intention to now focus on the United States for its ANTMINER S21 Pro line. 

See also  Miners need a Bitcoin use case to stick

The company has promised that the delivery of the first batch will take place in this same month of December.

This choice of expansion in the USA by Bitmain is a strategy for quicker response times and more efficient services for North American customers.

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Reading: MARA Holding has purchased $1.1 billion in Bitcoin and holds 40,435 BTC
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