Immortalizing Donald Trump on the Bitcoin network may seem like a gimmick, but it’s driven by real optimism about the future of crypto in the US.
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According to MARA, the mining company’s Bitcoin holdings are now valued at $4.2 billion, assuming a price of $93,354 per BTC.
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It’s beginning to look like a race as miners scramble to buy Bitcoin before the price keeps rallying.
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MARA Holdings has purchased 15,574 bitcoin worth $1.53 billion at approximately $98,529 per bitcoin using the proceeds from its zero-coupon convertible notes offerings. In November and December, the zero-coupon convertible notes generated $1.925 billion for MARA along with the repurchase of approximately $263 million in principal amount of its current convertible notes due in 2026. […]
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CleanSpark joins the crowd in raising funds through convertible notes, but doesn’t plan to invest the proceeds.
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MARA’s shares closed down 4.4% on the day after announcing it had purchased nearly 11,800 Bitcoin and boosted its hashrate to an industry record.
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The increases partly reflect a “HODL premium” akin to MicroStrategy’s, the analysts said.
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MARA’s recent acquisition of more bitcoin maintains its outlook on bitcoin as both a store of value and a hedge against inflation. MARA Makes Another Big Bitcoin Purchase MARA Holdings acquired 1,423 bitcoin (BTC) worth $139.5 million at the time of purchase, following the completion of its $850 million convertible bond issuance. According to onchain […]
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The Bitcoin miner will save energy and money by using excess wind power and recycled ASICs at its newly purchased facility in Texas.
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MARA has proposed a further $700 million convertible senior note offering to buy more bitcoin and buy back some of its current notes. MARA Holdings Wants More Bitcoin Bitcoin miner MARA Holdings has revealed plans to buy back existing notes with the goal of buying more bitcoin through a second proposed private offering of $700 […]
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