The largest American mining company MARA Holdings (formerly Marathon Digital) announced another acquisition of 703 BTC. In total, this month the miner bought 6474 BTC at an average price of $95,395 per Bitcoin . MARA Holdings' BTC account now holds 34,794 coins worth approximately $3,3 billion.
The public mining company received money to purchase additional bitcoins by issuing convertible bonds worth $1 billion. MARA Holdings spent one part of the funds raised to pay off old debt obligations, and the other part on purchasing bitcoins and operating expenses.
Following the announcement of the acquisition of the flagship cryptocurrency, MARA Holdings shares on the stock exchange rose by 7,81% to $26,92. According to Google Finance, the miner's securities have risen in price by 42,13% over the past month and by 17,4% since the beginning of the year. The company's market capitalization has reached $9 billion.
MARA Holdings is the second-largest corporate holder of Bitcoin after MicroStrategy. The American software developer holds a total of 386,700 BTC. Between November 18 and 24, the Saylor-led company purchased another 55,500 coins for about $5,4 billion, making it its largest acquisition to date.
