MARA has acquired $1.5 billion in Bitcoin over the past two months, boosting its holdings to 44,394 BTC, a nearly 200% increase since the start of 2023. The purchases were financed through two convertible note offerings, raising $1.925 billion, with significant investments made at an average price of $98,529 per coin. Other miners, including Hut 8 and Riot Platforms, have also increased their Bitcoin acquisitions in December.
