MARA Holdings, Inc. has successfully acquired 5,771 bitcoin at an average price of $95,554 per BTC, utilizing funds from its recent zero-coupon convertible note offering.

This strategic acquisition increases the company’s total bitcoin holdings to approximately 33,875 BTC, currently valued at $3.4 billion based on a spot price of $99,000 per BTC.

The convertible note offering, initially set at $700 million, was upsized to $850 million due to strong investor demand. The notes, maturing on March 1, 2030, are convertible into cash, shares of MARA’s common stock, or a combination thereof, at the company’s discretion. Proceeds from the offering are earmarked for bitcoin acquisitions and repurchasing existing convertible notes due in 2026.

MARA’s strategic move reflects a growing trend among corporations to incorporate bitcoin into their balance sheets, aiming to leverage the cryptocurrency’s potential for value appreciation. The company’s substantial bitcoin holdings position it as a significant player in the digital asset space, aligning with its broader strategy to support the energy transformation through digital asset compute.

The acquisition also results in a 35% bitcoin yield per share, enhancing shareholder value and demonstrating MARA’s commitment to integrating digital assets into its financial strategy. This approach underscores the company’s confidence in bitcoin’s long-term prospects and its role in the evolving financial landscape.

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