Mara Holdings concluiu a compra Bitcoin (BTC) por US$ 615 milhões, restando US$ 160 milhões na reserva
Mara Holdings tem sido um fator ativo no apoio Bitcoin (BTC) nos últimos dias. A empresa de mineração e investimento comprou US$ 615 milhões em BTC de acordo com seu plano de reservas.
A Mara Holdings começou a cumprir seu plano de compra Bitcoin (BTC), baseado em uma nota sênior conversível de US$ 700 milhões . A mineradora começou a adquirir BTC recentemente a um preço médio de US$ 95.395. Anunciou a compra após a conclusão, semelhante às participações da MicroStrategy.
Mara Holdings adicionou outros 703 BTC à sua última rodada de compras, elevando o total para 6.474 BTC. Isso aumenta as reservas da empresa para 34.794 BTC, avaliadas em cerca de US$ 3,3 bilhões. Além de recomprar uma nota com vencimento em 2026, a Mara Holdings retém US$ 160 milhões em ativos líquidos com a intenção de comprar BTC durante as quedas do mercado.
Apesar de ser uma mineradora altamente ativa, a Mara Holdings adotou o modelo da MicroStrategy, oferecendo rendimento passivo no BTC adquirido com fundos emprestados. Segundo Mara Holdings, o rendimento chega a 36,7% anualizado, o que funcionaria bem no caso de aumento dos preços do BTC. A MicroStrategy alcançou um rendimento de 12,3% , mesmo com a sua vantagem de ser o pioneiro.
Com nossa oferta de notas conversíveis de 0% e US$ 1 bilhão, temos o prazer de compartilhar uma atualização:
– Adquiriu 703 BTC adicionais, elevando o total para 6.474 BTC, a um preço médio de US$ 95.395 por BTC
– Rendimento BTC acumulado no ano por ação 36,7%
– Total de BTC de propriedade: ~34.794 BTC, atualmente avaliado em… pic.twitter.com/bzbunlyBRN— MARA (@MARAHoldings) 27 de novembro de 2024
The purchasing strategy also happens at prices above the value of mined BTC, which is estimated at around $74,000 for each new coin. Known Mara Pool wallets continue to receive daily mint rewards. The company uses Foundry USA as its main pool, holding 17,123 BTC from mining operations.
The creation of passive yield from BTC purchases with the horizon of 1-2 years hinges on a sustained bull market in 2025 and beyond. If BTC has a bigger drawdown, it may hurt the strategy of corporate buyers.
MARA market price doubles
The decision to raise as much as $1B and buy BTC was one of the drivers of MARA price expansion. The company’s shares serve as a proxy for BTC investment and have reflected the increased market hype.
In the past two months, MARA grew from a low of $13.37 to $26.92. A rising stock price can also help both Microstrategy and MARA, with the potential for bond buyers to convert to company shares.
Some see MARA as an opportunity to get in on another version of MicroStrategy at an earlier stage, especially after signs the stock price rallied by 100% in months. The inflows into Mara Holdings hinge on FOMO and the expectation of both stock and BTC expansion, betting on a positive scenario.
Mara Holdings acquisitions give BTC short-term boost
Mara Holdings is buying BTC at a much higher average price than MicroStrategy, whose come purchases have been at an average of $56,648 per BTC.
The recent acquisition of a few hundred BTC occurs at a time when other lng-term holders are selling their reserves to take advantage of near-peak prices.
BTC showed its ability to stage a fast recovery above $95,000. However, that rally still stalled under the $100K milestone. The leading coin remains volatile, recently recovering above $97,300, before another dip under $95,000.
Recent institutional purchases do not guarantee long-term holding. The treasuries of corporations may have a different role, from passive holding to a yield-generating strategy as in the cases of MSTR and MARA.
Currently, MicroStrategy holds under 2% of the entire BTC supply, a figure that falls significantly short of the portfolio of long-term holders and unknown whales.
Most of the corporate holders are miners, who usually sell their BTC slowly to cover operating costs. In the case of MSTR and MARA, their BTC holdings are tied to investors and their shifting enthusiasm and trust. In the scenario of stock losses and a BTC price drop, they may need to sell their holdings.
MSTR’s current reserves can offer some risk hedge through selling, as the company bought BTC at a much lower base price. For MARA, the margin of error may be smaller, as its BTC cost basis is close to the crypto’s all-time high.
Most of the corporate holders in the top 20 in terms of BTC wallets added more coins after starting from a low-cost basis. Hut 8, Semler Scientific, Metaplanet, Boyaa Interactive International, and others boosted their BTC reserves, as a long-term liquidity bet and a tool to build better mining operations and data centers.
Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap
Artigos Recomendados
