#MARA consolidation period has more or less concluded itself. We will see follow through any day now. This is mirroring the 2020 move literally to the day.
This next wave could see a 100% gain into the end of the year, with additional follow through in January.
Bitcoins move to 100k has NOT been priced in yet, just like the 20k level wasn't priced in back in 2020. I repeat... 100k NOT priced in...
We are about to enter a euphoric period of price discovery with $MARA.
$MARA #BTC #Bitcoin
Today, we announced a proposed private offering of 0% convertible notes of $700 million + $105 million option. Proceeds to be used primarily to acquire bitcoin and repurchase existing 2026 convertible notes up to $50 million.
https://t.co/S9kgfId4rp
With our 0% $1 billion convertible notes offering, we are excited to share an update:
- Acquired an additional 703 BTC, bringing the total to 6,474 BTC, at an average price of $95,395 per BTC
- YTD BTC Yield Per Share 36.7%
- Total owned BTC: ~34,794 BTC, currently valued at $3.3B based on a spot BTC price of $95k
- Bought back a portion of 2026 notes for $200 million
- ~$160M in remaining proceeds available net of transaction costs for future BTC dip purchases
With our 0% convertible note offering:
- We acquired 5,771 BTC so far, at an average price of $95,554 per BTC.
- 35% BTC Yield Per Share
- Total owned BTC: ~33,875 BTC, currently valued at $3.4B based on a spot BTC price of $99k.