cryptopolitan.com
كانت Mara Holdings عاملاً نشطًا في دعم Bitcoin (BTC) في الأيام القليلة الماضية. اشترت شركة التعدين والاستثمار ما قيمته 615 مليون دولار من بيتكوين وفقًا لخطة الاحتياطي الخاصة بها.
بدأت شركة Mara Holdings في تنفيذ خطتها لشراء Bitcoin (BTC)، استنادًا إلى سندات ممتازة قابلة للتحويل بقيمة 700 مليون دولار . بدأت شركة التعدين في الحصول على BTC مؤخرًا بمتوسط سعر قدره 95,395 دولارًا. وأعلنت عن الشراء بعد الانتهاء، على غرار مقتنيات MicroStrategy.
أضافت Mara Holdings 703 بيتكوين أخرى إلى جولة الشراء الأخيرة، ليصل المجموع إلى 6474 بيتكوين. وهذا يرفع احتياطيات الشركة إلى 34,794 بيتكوين، بقيمة حوالي 3.3 مليار دولار. بالإضافة إلى إعادة شراء سندات استحقاق لعام 2026، تحتفظ Mara Holdings بأصول سائلة بقيمة 160 مليون دولار بهدف شراء البيتكوين أثناء انخفاضات السوق.
على الرغم من كونها شركة تعدين نشطة للغاية، فقد اعتمدت Mara Holdings نموذج MicroStrategy، حيث تقدم عائدًا سلبيًا على BTC التي اشترتها بأموال مقترضة. وفقًا لشركة Mara Holdings، يصل العائد إلى 36.7% سنويًا، وهو ما سيعمل بشكل جيد في حالة ارتفاع أسعار البيتكوين. حققت MicroStrategy عائدًا بنسبة 12.3% ، حتى مع ميزة المبادر الأول.
من خلال عرض الأوراق المالية القابلة للتحويل بقيمة 0% و1 مليار دولار أمريكي، يسعدنا مشاركة تحديث:
- استحوذت على 703 بيتكوين إضافية، ليصل المجموع إلى 6,474 بيتكوين، بمتوسط سعر 95,395 دولارًا لكل بيتكوين
– عائد BTC للسهم الواحد منذ بداية العام حتى تاريخه 36.7%
– إجمالي BTC المملوك: ~ 34,794 BTC، تقدر قيمتها حاليًا بـ… pic.twitter.com/bzbunlyBRN— مارا (@MARAHoldings) 27 نوفمبر 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.
From Zero to Web3 Pro: Your 90-Day Career Launch Plan
ar.beincrypto.com
0