MARA buys 703 BTC: MARA announced the purchase of 703 BTC following an earlier acquisition of 5,771 BTC. The total BTC held by the company has now increased to 34,797 BTC.
Loss of over 150 million USD: Despite the large investment into BTC, MARA’s stock continues to face significant volatility. In the week from November 21 to 27, the stock price dropped from 535 USD to 340 USD.
Strategy similar to MicroStrategy: MARA’s strategy to acquire BTC is similar to that of MicroStrategy, which also issued bonds to invest in BTC. MicroStrategy purchased an additional 55,000 BTC at an average price of 97,862 USD each.