cryptojournalist
MARA, the mining company, just bought 6,474 Bitcoin using money from a $1 billion convertible debt deal. Most of the purchase—5,771 BTC—was made at $95,395 per coin, with 703 BTC added later. MARA now owns 34,797 BTC, worth $3.3 billion.
More Bitcoin on the Horizon
MARA isn’t done buying. It still has $160 million left from the debt raise to scoop up more Bitcoin during price dips. The company also spent $200 million repurchasing some of its 2026 debt.
MicroStrategy: The Bitcoin Trendsetter
MicroStrategy’s been doing this since 2020, using corporate debt to buy Bitcoin. Recently, it raised $3 billion at 0% interest and bought 55,000 BTC at $97,862 each. With 386,700 BTC in total, it’s one of the largest Bitcoin holders.
High Rewards, High Risks
Critics think this debt-funded Bitcoin strategy is risky. If Bitcoin’s value tanks, companies like MicroStrategy could be in trouble. Luckily, MicroStrategy doesn’t need to pay back its debt until 2028, giving it time to ride out market drops.
