Bitcoin mining firm MARA \u2013 formerly known as Marathon Digital \u2013 has announced the acquisition of an additional 703 BTC. This purchase increases the company\u2019s total cryptocurrency holdings to 34,794 BTC.<\/p>\n
In an announcement<\/a> made yesterday on X, MARA, one of the world\u2019s leading<\/a> Bitcoin mining companies, revealed it had acquired 703 BTC at an average price of $95,395. This brings the firm\u2019s total Bitcoin purchases for November to 6,474 BTC, following last week\u2019s acquisition of 5,771 BTC.<\/p>\n The latest purchase has increased the firm\u2019s total digital asset holdings to 34,794 BTC, valued at approximately $3.3 billion at current market prices. Additionally, the firm disclosed that its year-to-date (YTD) BTC yield per share stands at 36.7%.<\/p>\n Earlier this month, MARA raised $1 billion by issuing 0% convertible senior notes due in 2030. A portion of the $200 million funds was used to buy back some of its 2026 notes. The firm has also reserved $160 million from the proceeds, intending to deploy it for future Bitcoin purchases if market prices become favorable.<\/p>\n As reported<\/a> yesterday, MARA CEO Fred Thiel \u2013 in an interview with CNBC \u2013 remarked that more institutional investors are interested in BTC, hoping that a Donald Trump administration will bring about favorable cryptocurrency regulations in the US.<\/p>\n MARA stock closed at $26.92 on November 27, recording an increase of 7.81% for the day. In the last six months, the share price has increased by 26.92%, coinciding with rising optimism toward digital assets as market sentiment improves with changes in government administration.<\/p>\n MARA\u2019s aggressive Bitcoin acquisition strategy mirrors that of MicroStrategy, which has the largest Bitcoin holdings globally. Under Michael Saylor\u2019s leadership, MicroStrategy has spent billions on Bitcoin purchases this month, totaling $4.6 billion<\/a> and $5.4 billion<\/a> in back-to-back weeks.<\/p>\n As President-elect Trump\u2019s January 20th inauguration date approaches, many corporations worldwide are warming up to adding BTC to their balance sheets. Most recently, Canada-based online video-sharing platform Rumble earmarked<\/a> $20 million for future BTC purchases. Similarly, Japanese early-stage investment firm Metaplanet\u2019s total BTC holdings recently crossed<\/a> 1,000 BTC.<\/p>\nCorporate Moves Could Push Bitcoin Beyond $100,000<\/h2>\n