Bitcoin miner MARA has announced the purchase of 11,774 BTC for $1.1 billion, bringing its total Bitcoin holdings to 40,435 BTC. The Bitcoin miner is the public company with the second largest Bitcoin holdings, and this announcement comes just a day after MicroStrategy, the public company with the largest BTC holding, announced another purchase.
MARA Acquires 11,774 BTC For $1.1 Billion
MARA revealed in a recent filing with the SEC that it had purchased 11,774 BTC for $1.1 billion. Meanwhile, the Bitcoin miner also confirmed this purchase in an X post, stating that it used the proceeds from its zero-coupon convertible notes offerings to make this purchase.
The company acquired these bitcoins at an average price of $96,000 per BTC and has achieved a BTC yield of 12.3% quarter-to-date (QTD) and 47.6% year-to-date (YTD). Following this recent purchase, the Bitcoin miner now holds 40,435 BTC, worth around $3.9 billion based on the current Bitcoin price.
MicroStrategy co-founder Michael Saylor also commented on MARA’s announcement, touching on the fact that the company has achieved a BTC yield of 47.6% YTD, which seemed to have impressed the tech entrepreneur and Bitcoin advocate.
Interestingly, MARA Holding’s announcement comes just a day after Saylor’s company announced that it purchased 21,550 BTC for $2.1 billion. MicroStrategy and Marathon Digital are the public companies with the largest Bitcoin holding. The software company is well ahead though with 423,650 BTC compared to the Bitcoin miner’s 40,435 BTC.
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