MARA Bitcoin Investment: $1.53B Spent to Acquire 15,574 BTC

Key Points:

• MARA Bitcoin Investment includes acquiring 15,574 BTC for $1.53 billion at an average price of $98,529.
• The firm now holds 44,394 BTC, valued at $4.45 billion, cementing its HODL strategy.

MARA Bitcoin Investment grows as the firm acquires 15,574 BTC for $1.53 billion, pushing its total holdings to 44,394 BTC, now worth $4.45 billion.

MARA Bitcoin Investment: $1.53 Billion Raised for 15,574 BTC Purchase

MARA Holdings (formerly Marathon Digital Holdings) recently announced a significant investment of $1.53 billion to acquire 15,574 Bitcoin at an average price of $98,529 per coin.

The Bitcoin mining giant stated that this purchase was part of the $1.925 billion in proceeds from two offerings of 0% convertible senior notes, announced in late November and early December.

The return on this MARA Bitcoin investment, as measured by BTC Yield—a metric reflecting the effectiveness of a company’s Bitcoin accumulation strategy—is 60.9% from January 1st to December 19th.

Read more: Bitcoin Spot ETF Inflows Reach $275 Million on December 18

MARA Bitcoin Investment Surges: Total Holdings Reach 44,394 BTC

Similar to the “no selling Bitcoin” plan of Michael Saylor, Executive Chairman of MicroStrategy, MARA has also adopted a complete “HODL” strategy for its BTC treasury. The company is holding all Bitcoin mined from its operations and will continue to execute a periodic buying strategy.

Combined with the purchase of 11,774 BTC announced last week, MARA’s total holdings of the most valuable cryptocurrency as of December 19th, 2024, are 44,394 BTC (equivalent to $4.45 billion), with an average MARA Bitcoin investment portfolio price of $100,151. MARA currently ranks second on the list of publicly traded companies with the largest Bitcoin holdings globally.

MicroStrategy still leads the list with a total of 439,000 BTC—a total unrealized gain of over $18 billion after its most recent purchase on December 16th. In the past month alone, MicroStrategy has spent $17.1 billion to acquire 186,780 BTC, bringing its total BTC holdings to $44.8 billion!