MARA purchases $615 million worth of bitcoin, boosting total holdings to 34,794 BTCMARA Holdings, the largest publicly traded bitcoin miner, acquired 6,474 bitcoin worth about $615 million after raising $1 billion through convertible notes.

In a Wednesday post on X, MARA, formerly Marathon Digital, wrote that it acquired its latest batch of 
 BTC +1.58%
 at an average price of $95,395 per bitcoin, bringing its total holdings to 34,794 BTC, valued at approximately $3.3 billion.

The company reported buying an additional 703 bitcoins after an initial purchase of 5,771 bitcoin last week.

The latest bitcoin acquisition follows MARA's move last week when it closed its $1 billion offering of 0% convertible senior notes due 2030. The company said it plans to allocate about $199 million of the proceeds to repurchase its existing convertible notes due 2026, with the remaining funds earmarked for acquiring more bitcoin and general corporate purposes.