MARA Holdings urged the US government to be more aggressive in securing positions in Bitcoin and Bitcoin mining.
Crypto miner Marathon Digital has spent more than $600 million to purchase Bitcoin in the last two months, according to a filing with the United States Securities and Exchange Commission.
In a Dec. 2 filing, MARA Holdings said it acquired 6,484 Bitcoin (BTC) between Oct. 1 and Nov. 30. The coins were purchased for $618.3 million in cash at an average price of $95,352 per BTC.
In addition, MARA Holdings said in a press release that it intends to offer $700 million in convertible senior notes due 2031 in a private offering. The proceeds will be used to purchase more Bitcoin and repurchase existing convertible notes due in 2026.
