MARA Holdings buys 1,292 BTC for $98.6 million
- —Bought 1,292 BTC for about $98.6 million
- —Average purchase price was roughly $76,300 per bitcoin
- —MARA remains one of the largest public holders of BTC
- —The sources of funding for the purchase were not disclosed
Why it matters: Large corporate purchases by miners support BTC demand and signal to institutions a belief in the asset's long-term value.
Source: Bitcoin Insider