MARA acquires $1.5B in Bitcoin to date with convertible notes
It’s beginning to look like a race as miners scramble to buy Bitcoin before the price keeps rallying.
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It’s beginning to look like a race as miners scramble to buy Bitcoin before the price keeps rallying.
The increases partly reflect a “HODL premium” akin to MicroStrategy’s, the analysts said.
MARA Holdings urged the US government to be more aggressive in securing positions in Bitcoin and Bitcoin mining.
Bitcoin celebrates 12 years since its first halving event, with block rewards shrinking to 3.125 BTC and miners adapting to higher difficulty amid rising prices.
According to Bitcoin-only financial services firm River, 62 publicly traded companies use a Bitcoin treasury strategy as of November 2024.
MARA Holdings says there will soon be a heated race among nations to gather Bitcoin, and the US needs to step up its game.
This week’s Crypto Biz features MicroStrategy’s Bitcoin strategy, Coinbase’s and Kaiko’s recent acquisitions, MARA’s third-quarter earnings, and MoonPay’s new fiat gateway.
Both firms partly attributed the rise in Bitcoin production to increasing their respective energized hash rates in October.
Deficit spending and lower interest rates have boosted global liquidity higher, benefiting Bitcoin and related markets, Blockware’s Mitchell Askew said.
Tesla’s massive Bitcoin transfers initially sparked fears of a market dump, but Arkham’s data suggests the assets are still under the firm’s control.
