MARA Holdings, the largest publicly traded Bitcoin miner, acquired 6,474 Bitcoin for $615 million, boosting its total holdings to 34,794 BTC.
MARA Holdings, the largest publicly traded Bitcoin miner, has made a big move by acquiring 6,474 Bitcoin. This purchase was worth about $615 million. The company funded this acquisition by raising $1 billion through convertible notes. The news was shared on MARA’s X account.
The company noted that this purchase brought its total Bitcoin holdings to approximately 34,794 BTC. This is valued at about $3.3 billion, as valued at $95,000 per bitcoin in the spot market. MARA bought the new bitcoin for an average price of $95,395 for every BTC. The company’s yield per share of BTC for the year to date was 36.7%.
MicroStrategy’s Bitcoin Holdings Reach 386,700 BTC with Latest Buy
MARA also applied part of the $1 billion raised to retire some of its 2026 notes through a $200 million tender offer. This means that MARA now has around $160 million in proceeds, which will enable it to buy Bitcoin in future once the prices are low. This strategy reveals that MARA is bullish on Bitcoin and its intention to increase its Bitcoin stake much further.
Likewise, Metaplanet has also been operating in the Bitcoin marketplace for a long time now. Recently, the company proudly announced that it had acquired more 124.117 Bitcoin. This was in its strategic model to enhance the shareholders’ worth. Metaplanet purchased the bitcoin at an average price of 14,099,600 yen per BTC. This purchase was made at a cost of approximately 1.75 billion yen, which is about $11.33 million.
This latest acquisition brings Metaplanet’s total holdings to 1,142.287 BTC. The average price of all its total Bitcoin investments is now 9,955,874 yen per BTC. This means that Metaplanet’s total Bitcoin investment is approximately 11.372 billion yen.
On November 26, MicroStrategy went for another massive acquisition of Bitcoins. The firm purchased 55,500 BTC for about $5.4 billion. The average price paid per bitcoin was $97,862. This new purchase increased the total Bitcoin held by MicroStrategy to 386700 BTC. This move further cements MicroStrategy’s consistent efforts to expand its bitcoin portfolio.
These recent moves by MARA Holdings, Metaplanet and MicroStrategy signify a clear uptick in institutional adoption of Bitcoin. Bitcoins are gradually being considered as an important asset for corporate investment. Since more and more institutions buy Bitcoins, the prospects of this cryptocurrency in the financial sphere look even brighter. This trend highlights the growing adoption of bitcoin as a key asset in both traditional and digital finance.
