Big Breaking: Bitcoin Miner MARA Purchases Another 5771 BTC For $572M

Big Breaking: Bitcoin Miner MARA Purchases Another 5771 BTC For $572M

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  • Nidhi Kolhapur

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    Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

  • Nov 22, 2024 21:14 UTC
  • Less than a minute

In the latest development, Bitcoin miner MARA Holdings has revealed that it has expanded its cryptocurrency portfolio by purchasing an additional 5,771 BTC for $572 million. The acquisition was completed at an average price of $95,554 per Bitcoin. With its 0% convertible note offering, the company has achieved a 35% BTC yield per share and now owns a total of approximately 33,875 BTC currently valued at $3.4B based on a spot BTC price of $99,000. 

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