Bitcoin Miner MARA Holdings Embraces MicroStrategy Playbook, Acquires $1.53 Billion Worth BTC

Benzinga12-21 13:46

Bitcoin BTC/USD mining company MARA Holdings Inc. MARA announced the acquisition of 15,574 BTC for $1.53 billion, funded by $1.925 billion raised through zero-coupon convertible notes issued in ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Guavaxf30
56 minutes ago
Guavaxf30
Not sure if the timing is good. Bitcoin is again falling today. Down more than 2.5%.

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2493282028?lang=en_US&edition=fundamental","thumbnail":"https://www.benzinga.com/files/images/story/2024/12/21/Why-It-Matters.jpeg","is_english":true,"pubTime":"2024-12-21 13:46","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2493282028","market":"us","top_or_hot":-1,"title":"Bitcoin Miner MARA Holdings Embraces MicroStrategy Playbook, Acquires $1.53 Billion Worth BTC","media":"Benzinga","content":"<div>\n<p>Bitcoin BTC/USD mining company MARA Holdings Inc. MARA announced the acquisition of 15,574 BTC for $1.53 billion, funded by $1.925 billion raised through zero-coupon convertible notes issued in ...</p>\n\n<a href=\"https://www.benzinga.com/24/12/42634152/bitcoin-miner-mara-holdings-embraces-microstrategy-playbook-acquires-1-53-billion-worth-btc\">Source Link</a>\n\n</div>\n","source":"Benzinga","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Miner MARA Holdings Embraces MicroStrategy Playbook, Acquires $1.53 Billion Worth BTC</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Miner MARA Holdings Embraces MicroStrategy Playbook, Acquires $1.53 Billion Worth BTC\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-21 13:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/24/12/42634152/bitcoin-miner-mara-holdings-embraces-microstrategy-playbook-acquires-1-53-billion-worth-btc><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin BTC/USD mining company MARA Holdings Inc. MARA announced the acquisition of 15,574 BTC for $1.53 billion, funded by $1.925 billion raised through zero-coupon convertible notes issued in ...</p>\n\n<a href=\"https://www.benzinga.com/24/12/42634152/bitcoin-miner-mara-holdings-embraces-microstrategy-playbook-acquires-1-53-billion-worth-btc\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4023","symbol_name":"应用软件","start_time":0,"source_url":"https://www.benzinga.com/24/12/42634152/bitcoin-miner-mara-holdings-embraces-microstrategy-playbook-acquires-1-53-billion-worth-btc","article_id":"2493282028","we_media_id":null,"thumbnails":["https://www.benzinga.com/files/images/story/2024/12/21/Why-It-Matters.jpeg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2493282028","pubTimestamp":1734760017,"columns":[],"sourceInfo":{"source_id":"Benzinga","name":"Benzinga Cypto"},"weMediaInfo":null,"summary":"Bitcoin (CRYPTO: BTC) mining company MARA Holdings Inc. (NASDAQ:MARA) announced the acquisition of 15,574 BTC for $1.53 billion, funded by $1.925 billion raised through zero-coupon convertible notes issued in November and D","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4023":"应用软件","BK4600":"加密货币概念","BK4516":"特朗普概念","BK4595":"比特币概念","BK4601":"加密货币现货ETF","BK4547":"WSB热门概念","MSTR":"MicroStrategy","BK4588":"碎股","BK4594":"比特币ETF概念","MARA":"MARA Holdings","BTC":"Grayscale Bitcoin Mini Trust","BK4585":"ETF&股票定投概念","BK4596":"哈里斯概念"},"translate_title":"比特币矿商MARA Holdings采用MicroStrategy Playbook，收购价值15.3亿美元的BTC","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BTC":1,"MARA":1,"MSTR":1},"content_text":"Bitcoin BTC/USD mining company MARA Holdings Inc. MARA announced the acquisition of 15,574 BTC for $1.53 billion, funded by $1.925 billion raised through zero-coupon convertible notes issued in November and December.\nWhat Happened: In a post on social media platform X, MARA revealed its total Bitcoin holdings now stand at 44,394 BTC, valued at approximately $4.3 billion based on Bitcoin’s current price of $97,377.\nThe Florida-based firm acquired the cryptocurrency at an average price of $98,529 per Bitcoin.\nSee Also: Bitcoin Is No Manhattan Real Estate, Peter Schiff Challenges MicroStrategy’s Michael Saylor: ‘BTC Doesn’t Generate Any Income’\nAdditionally, MARA repurchased $263 million of its existing convertible notes due in 2026 and plans to use the remaining funds to buy more Bitcoin.\nThe company also highlighted its Bitcoin yield achievements, reporting a quarter-to-date (QTD) yield of 22.5% and a year-to-date (YTD) yield of 60.9%.\n\nMARA raised $1.925 billion from 0% convertible notes in November and December. Using the proceeds from its zero-coupon convertible notes offerings, MARA has acquired 15,574 BTC for ~$1.53 billion at ~$98,529 per #bitcoin and repurchased ~$263 million in aggregate principal amount… pic.twitter.com/ycGRk9BYfv— MARA (@MARAHoldings) December 19, 2024\n\nWhy It Matters: Bitcoin proxy MicroStrategy Inc. MSTR has been aggressively buying up BTC by raising funds through both stock offerings as well as debt. It holds 2.1% of the Bitcoin supply, or about 439,000 BTC, at an average price of $61,725.\nOther Bitcoin mining firms are similarly bolstering their reserves.\nHut 8 HUT recently acquired 990 BTC for $100 million, bringing its total holdings to 10,096 BTC, worth approximately $983.1 million.\nThe company's CEO Asher Genoot emphasized the strategic value of building Bitcoin reserves to strengthen the company's financial position while pursuing growth in power and digital infrastructure.\nRiot Platforms RIOT also increased its Bitcoin holdings by purchasing 5,117 BTC through company-issued bonds, bringing its total to 16,728 BTC, valued at $1.63 billion.\nPrice Action: Bitcoin was hovering around $97,606 at the time of writing, gaining 0.71% in the last 24 hours, according to Benzinga Pro data.\nMARA Holdings stock gained nearly 2% in after-hours trading on Friday, after closing at $19.96 during the regular trading session.\nRead Next:\n\nCrypto Market Predicted To Surge To All-Time Highs By Late 2025, But A 30% Drop In Bitcoin Prices Could Come First\n\nDisclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.\nPhoto courtesy: Shutterstock Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":384228372431296,"gmtCreate":1734847070990,"gmtModify":1734847690887,"author":{"id":"3576140222331577","authorId":"3576140222331577","name":"Guavaxf30","avatar":"https://static.tigerbbs.com/1ff15ff6aa254c9130f9af922f7e2447","vip":1,"crmLevel":9,"crmLevelSwitch":1,"idStr":"3576140222331577","authorIdStr":"3576140222331577"},"htmlText":"Not sure if the timing is good. Bitcoin is again falling today. Down more than 2.5%.","listText":"Not sure if the timing is good. Bitcoin is again falling today. Down more than 2.5%.","text":"Not sure if the timing is good. Bitcoin is again falling today. Down more than 2.5%.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/384228372431296","repostId":2493282028,"repostType":2,"repost":{"id":"2493282028","kind":"highlight","pubTimestamp":1734760017,"share":"https://ttm.financial/m/news/2493282028?lang=&edition=fundamental","pubTime":"2024-12-21 13:46","market":"us","language":"en","title":"Bitcoin Miner MARA Holdings Embraces MicroStrategy Playbook, Acquires $1.53 Billion Worth BTC","url":"https://stock-news.laohu8.com/highlight/detail?id=2493282028","media":"Benzinga","summary":"Bitcoin (CRYPTO: BTC) mining company MARA Holdings Inc. (NASDAQ:MARA) announced the acquisition of 15,574 BTC for $1.53 billion, funded by $1.925 billion raised through zero-coupon convertible notes issued in November and D","content":"<html><body><div itemprop=\"articleBody\" itemscope=\"\" itemtype=\"https://schema.org/Article\"><div><p><strong>Bitcoin</strong> <span>BTC/USD</span> mining company <strong><a href=\"https://laohu8.com/S/MARA\">MARA Holdings</a> Inc.</strong> <span>MARA</span> announced the acquisition of 15,574 BTC for $1.53 billion, funded by $1.925 billion raised through zero-coupon convertible notes issued in November and December.</p>\n<p><strong>What Happened:</strong> In a post on social media platform <strong>X</strong>, MARA revealed its total Bitcoin holdings now stand at 44,394 BTC, valued at approximately $4.3 billion based on Bitcoin’s current price of $97,377.</p>\n<p>The Florida-based firm acquired the cryptocurrency at an average price of $98,529 per Bitcoin.</p>\n<p><strong>See Also:</strong> <strong>Bitcoin Is No Manhattan Real Estate, Peter Schiff Challenges <a href=\"https://laohu8.com/S/MSTR\">MicroStrategy</a>’s Michael Saylor: ‘BTC Doesn’t Generate Any Income’</strong></p>\n<p>Additionally, MARA repurchased $263 million of its existing convertible notes due in 2026 and plans to use the remaining funds to buy more Bitcoin.</p>\n<p>The company also highlighted its Bitcoin yield achievements, reporting a quarter-to-date (QTD) yield of 22.5% and a year-to-date (YTD) yield of 60.9%.</p>\n<figure><div>\n<blockquote><p dir=\"ltr\" lang=\"en\">MARA raised $1.925 billion from 0% convertible notes in November and December. Using the proceeds from its zero-coupon convertible notes offerings, MARA has acquired 15,574 BTC for ~$1.53 billion at ~$98,529 per #bitcoin and repurchased ~$263 million in aggregate principal amount… pic.twitter.com/ycGRk9BYfv</p>— MARA (@MARAHoldings) December 19, 2024</blockquote>\n</div></figure>\n<p><strong>Why It Matters:</strong> Bitcoin proxy <strong>MicroStrategy Inc.</strong> <span>MSTR</span> has been aggressively buying up BTC by raising funds through both stock offerings as well as debt. It holds 2.1% of the Bitcoin supply, or about 439,000 BTC, at an average price of $61,725.</p>\n<p>Other Bitcoin mining firms are similarly bolstering their reserves.</p>\n<p><strong>Hut 8</strong> <span>HUT</span> recently acquired 990 BTC for $100 million, bringing its total holdings to 10,096 BTC, worth approximately $983.1 million.</p>\n<p>The company's CEO <strong>Asher Genoot</strong> emphasized the strategic value of building Bitcoin reserves to strengthen the company's financial position while pursuing growth in power and digital infrastructure.</p>\n<p><strong><a href=\"https://laohu8.com/S/RIOT\">Riot Platforms</a></strong> <span>RIOT</span> also increased its Bitcoin holdings by purchasing 5,117 BTC through company-issued bonds, bringing its total to 16,728 BTC, valued at $1.63 billion.</p>\n<p><strong>Price Action:</strong> Bitcoin was hovering around $97,606 at the time of writing, gaining 0.71% in the last 24 hours, according to Benzinga Pro data.</p>\n<p>MARA Holdings stock gained nearly 2% in after-hours trading on Friday, after closing at $19.96 during the regular trading session.</p>\n<p><strong>Read Next:</strong></p>\n<ul>\n<li><strong>Crypto Market Predicted To Surge To All-Time Highs By Late 2025, But A 30% Drop In Bitcoin Prices Could Come First</strong></li>\n</ul>\n<p><strong><em>Disclaimer:</em></strong><em> This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.</em></p>\n<p><em>Photo courtesy: Shutterstock</em></p> </div>Market News and Data brought to you by Benzinga APIs<p>© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.</p></div></body></html>","source":"Benzinga","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Miner MARA Holdings Embraces MicroStrategy Playbook, Acquires $1.53 Billion Worth BTC</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Miner MARA Holdings Embraces MicroStrategy Playbook, Acquires $1.53 Billion Worth BTC\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-21 13:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/24/12/42634152/bitcoin-miner-mara-holdings-embraces-microstrategy-playbook-acquires-1-53-billion-worth-btc><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin BTC/USD mining company MARA Holdings Inc. MARA announced the acquisition of 15,574 BTC for $1.53 billion, funded by $1.925 billion raised through zero-coupon convertible notes issued in ...</p>\n\n<a href=\"https://www.benzinga.com/24/12/42634152/bitcoin-miner-mara-holdings-embraces-microstrategy-playbook-acquires-1-53-billion-worth-btc\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://www.benzinga.com/files/images/story/2024/12/21/Why-It-Matters.jpeg","relate_stocks":{"BK4023":"应用软件","BK4600":"加密货币概念","BK4516":"特朗普概念","BK4595":"比特币概念","BK4601":"加密货币现货ETF","BK4547":"WSB热门概念","MSTR":"MicroStrategy","BK4588":"碎股","BK4594":"比特币ETF概念","MARA":"MARA Holdings","BTC":"Grayscale Bitcoin Mini Trust","BK4585":"ETF&股票定投概念","BK4596":"哈里斯概念"},"source_url":"https://www.benzinga.com/24/12/42634152/bitcoin-miner-mara-holdings-embraces-microstrategy-playbook-acquires-1-53-billion-worth-btc","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2493282028","content_text":"Bitcoin BTC/USD mining company MARA Holdings Inc. MARA announced the acquisition of 15,574 BTC for $1.53 billion, funded by $1.925 billion raised through zero-coupon convertible notes issued in November and December.\nWhat Happened: In a post on social media platform X, MARA revealed its total Bitcoin holdings now stand at 44,394 BTC, valued at approximately $4.3 billion based on Bitcoin’s current price of $97,377.\nThe Florida-based firm acquired the cryptocurrency at an average price of $98,529 per Bitcoin.\nSee Also: Bitcoin Is No Manhattan Real Estate, Peter Schiff Challenges MicroStrategy’s Michael Saylor: ‘BTC Doesn’t Generate Any Income’\nAdditionally, MARA repurchased $263 million of its existing convertible notes due in 2026 and plans to use the remaining funds to buy more Bitcoin.\nThe company also highlighted its Bitcoin yield achievements, reporting a quarter-to-date (QTD) yield of 22.5% and a year-to-date (YTD) yield of 60.9%.\n\nMARA raised $1.925 billion from 0% convertible notes in November and December. Using the proceeds from its zero-coupon convertible notes offerings, MARA has acquired 15,574 BTC for ~$1.53 billion at ~$98,529 per #bitcoin and repurchased ~$263 million in aggregate principal amount… pic.twitter.com/ycGRk9BYfv— MARA (@MARAHoldings) December 19, 2024\n\nWhy It Matters: Bitcoin proxy MicroStrategy Inc. MSTR has been aggressively buying up BTC by raising funds through both stock offerings as well as debt. It holds 2.1% of the Bitcoin supply, or about 439,000 BTC, at an average price of $61,725.\nOther Bitcoin mining firms are similarly bolstering their reserves.\nHut 8 HUT recently acquired 990 BTC for $100 million, bringing its total holdings to 10,096 BTC, worth approximately $983.1 million.\nThe company's CEO Asher Genoot emphasized the strategic value of building Bitcoin reserves to strengthen the company's financial position while pursuing growth in power and digital infrastructure.\nRiot Platforms RIOT also increased its Bitcoin holdings by purchasing 5,117 BTC through company-issued bonds, bringing its total to 16,728 BTC, valued at $1.63 billion.\nPrice Action: Bitcoin was hovering around $97,606 at the time of writing, gaining 0.71% in the last 24 hours, according to Benzinga Pro data.\nMARA Holdings stock gained nearly 2% in after-hours trading on Friday, after closing at $19.96 during the regular trading session.\nRead Next:\n\nCrypto Market Predicted To Surge To All-Time Highs By Late 2025, But A 30% Drop In Bitcoin Prices Could Come First\n\nDisclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.\nPhoto courtesy: Shutterstock Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":0,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2493282028"}