$83,986.00
2.39%$1,808.23
1.17%$2.12
3.89%$597.17
1.54%$121.97
5.99%$0.999934
0.00%$0.170252
7.16%$0.659938
3.46%$0.239954
1.89%$1,807.96
1.20%$83,893.00
2.30%$9.48
0.85%$3.38
-5.88%$12.95
2.57%$0.259264
0.92%$1.00
0.04%$2,166.06
1.17%$18.05
-0.43%$2.28
1.86%$0.00001225
0.37%$0.164844
2.55%$84.29
2.67%$4.06
0.90%$6.27
-1.80%$299.48
1.57%$4.54
1.67%$0.999208
0.02%$1,807.55
1.09%$0.998202
-0.12%$1,921.26
1.05%$12.04
4.92%$27.63
0.32%$215.37
2.45%$0.532884
-8.28%$5.87
2.25%$1.046
-0.04%$0.00000711
8.03%$2.49
1.12%$4.87
-2.99%$48.51
5.53%$84,000.00
2.38%$22.23
2.90%$33.38
-0.09%$0.094571
-0.32%$0.82207
3.54%$0.735137
-1.01%$16.16
1.38%$5.04
-0.57%$150.72
0.30%$1.16
-0.19%$5.01
11.27%$0.994612
-0.20%$1.00
0.00%$0.02209474
2.71%$9.37
3.13%$219.09
5.31%$2.77
3.28%$83,696.00
1.85%$4.04
0.02%$0.065274
2.69%$3.25
-0.28%$0.190612
1.70%$0.309258
-0.48%$2.75
0.88%$0.18898
8.25%$0.504147
8.66%$0.311977
2.63%$83,775.00
2.67%$10.14
-1.68%$0.795686
-2.81%$0.706792
3.80%$0.444602
3.95%$1,358.04
8.48%$0.401268
6.41%$1,805.98
1.06%$4.19
-1.07%$1.089
4.68%$1,880.89
1.22%$0.067503
3.70%$127.06
5.96%$68.19
0.17%$0.999227
-0.15%$0.758019
1.28%$0.378043
-0.49%$0.602979
4.55%$2,044.28
1.16%$0.00001123
3.10%$0.998774
-0.10%$14.67
-3.70%$0.998093
0.06%$0.01330472
0.45%$0.999337
-0.07%$8.33
0.30%$0.450547
-3.29%$0.16454
1.53%$0.083102
1.24%$0.782304
0.76%$83,833.00
3.05%$3,042.17
-2.58%$0.832418
2.82%$597.06
1.45%$1.001
0.20%$1,922.42
1.27%$0.655255
1.92%$83,829.00
2.33%$3,046.52
-2.45%$0.535632
-0.11%$0.01506963
2.67%$0.502726
-1.20%$0.110937
7.15%$40.53
7.06%$0.2638
1.63%$0.99966
-0.04%$0.00000063
1.06%$5.75
-3.70%$0.166913
4.02%$30.72
2.10%$1.90
-3.51%$0.373757
2.81%$156.24
6.01%$1,883.78
1.08%$0.00005632
3.89%$1.82
0.59%$1.82
1.27%$1.00
0.07%$1.90
15.92%$0.99998
-0.02%$3.16
9.78%$133.82
5.67%$15.20
2.26%$2.81
1.66%$0.01036539
5.94%$0.99822
0.09%$0.527808
23.72%$0.132978
1.66%$0.624591
2.52%$0.069208
0.57%$82,562.00
2.79%$0.473751
22.68%$0.999859
-0.05%$0.999755
-0.00%$0.99981
-0.07%$5.80
-3.70%$0.241146
1.45%$0.00487978
5.88%$0.44828
1.46%$27.14
-1.10%$2.73
2.53%$0.169823
6.70%$1,920.89
1.24%$0.396175
-2.55%$0.00000043
0.58%$83,999.00
2.41%$84,641.00
2.00%$14.63
-2.40%$0.66082
-0.37%$0.080765
3.01%$1.082
0.20%$0.996278
-0.19%$110.55
0.01%$0.138654
4.23%$1,807.17
1.07%$44.97
-4.22%$0.088672
0.88%$0.04191322
3.63%$0.0070619
11.46%$1.13
2.20%$1,807.17
1.02%$0.149436
14.00%$1,808.21
1.16%$0.00001952
0.39%$1.099
1.04%$0.381239
2.04%$0.18838
5.65%$83,617.00
2.19%$5.66
-1.11%$1,887.19
1.11%$0.549269
0.36%$0.443043
1.79%$0.999167
0.04%$4.87
4.93%$0.998073
-0.08%$0.00650394
0.46%$3.04
12.76%$0.806495
-1.28%$0.191073
1.87%$0.346299
1.61%$1,835.25
2.75%$1,808.06
1.19%$1.001
-0.19%$0.0000591
1.93%$0.0317571
1.89%$0.00370389
7.13%$0.00000152
-2.38%$1.46
0.34%$0.00915804
3.57%$0.03058927
3.67%$1.00
0.10%$115.82
-0.15%$0.00471262
-0.61%$1.001
-0.19%$0.515869
-0.89%$0.358993
-8.02%$83,736.00
1.16%$1,783.57
1.25%$0.233389
3.63%$1,808.71
1.25%$1.12
-0.60%$1.15
3.83%$2.86
1.20%$83,855.00
2.41%$21.59
1.64%$0.592846
0.03%$0.220957
-0.47%$1,908.34
1.25%$0.185708
1.26%$0.511673
-2.48%$3,020.38
-2.71%$1,977.73
1.05%$0.00281696
2.56%$3.12
-15.75%$14.95
0.12%$0.118421
1.59%$21.80
3.31%$1,966.66
1.14%$0.02997027
1.23%$0.235474
1.65%$0.999943
-0.02%$1,689.26
2.60%$0.00309593
3.58%$0.10091
1.31%$1,821.94
2.71%$0.940797
1.73%$0.00037779
28.85%$0.03262339
1.09%$0.656961
1.23%$0.01125289
2.64%$0.059986
-1.07%$0.483678
2.99%$0.518857
1.09%$0.998441
0.31%$0.999716
0.02%$0.999315
0.01%$0.00204365
-0.63%$82,294.00
0.52%$3.56
10.33%$0.00445414
0.81%$0.833176
4.57%Reading
Bitcoin mining companies MARA (formerly Marathon Digital) and Hut 8 announced substantial Bitcoin purchases on Thursday as more and more firms look to stockpile the leading cryptocurrency within their treasuries.
MARA expanded upon a previously announced Bitcoin purchase from last week, boosting the tally to 15,574 Bitcoin at a total price of about $1.53 billion. Last week, the first disclosed the first tranche of the purchase, buying 11,774 BTC for $1.1 billion. Thursday's announcement points to the firm adding another 3,800 BTC at a price around $400 million.
The added tally boosts MARA's treasury reserve to 44,394 BTC—over $4.4 billion worth. Meanwhile, Hut 8 said that it added 990 Bitcoin at a price of about $100 million, giving it 10,096 BTC (over $1 billion) in its reserve.
MARA raised $1.925 billion from 0% convertible notes in November and December. Using the proceeds from its zero-coupon convertible notes offerings, MARA has acquired 15,574 BTC for ~$1.53 billion at ~$98,529 per #bitcoin and repurchased ~$263 million in aggregate principal amount… pic.twitter.com/ycGRk9BYfv
— MARA (@MARAHoldings) December 19, 2024
The MARA purchase comes off the back of two separate convertible note offerings in which it raised nearly $2 billion across November and December. The company, which trades on the Nasdaq under the MARA ticker, has now nearly tripled its Bitcoin holdings in the last calendar year, according to its most recent SEC filings.
While Marathon’s average price of purchase was around $98,529 per Bitcoin, Hut 8 acquired its 990 Bitcoin for an average cost of $101,710—both marks above the current Bitcoin price of $97,951.
A federal judge denied BiT Global’s request for a temporary restraining order Wednesday, finding that the Hong Kong-based firm failed to show an imminent and irreparable harm that would come from Coinbase’s plans to soon delist WBTC, or Wrapped Bitcoin. “Ultimately, I have no evidence from you about what is to come,” U.S. District Judge Araceli Martínez-Olguín told BiT Global’s attorney. “I will not stop Coinbase from delisting WBTC.” BiT Global sued Coinbase last week, alleging the exchange’s p...
“We believe deeply in our operating business and that building a strategic Bitcoin reserve will fortify our financial position as we pursue large-scale growth initiatives across power and digital infrastructure,” said Hut 8 CEO Asher Genoot, in a statement.
The two Bitcoin miners both rank inside the top six of Bitcoin holdings among publicly traded companies, according to data from Bitcoin Treasuries. MARA is down over 5% on the day, however, while Hut 8 has dipped by nearly 7%, mirroring a crypto market plunge that took hold in the early afternoon.
Bitcoin mining is the process of adding and verifying blocks on the Bitcoin blockchain, a process that requires intensive energy and hardware resources. Typically, miners today are large companies with warehouses full of expensive, cutting-edge computers, as individual miners are rarely able to win blocks—though it happens occasionally.
Edited by Andrew Hayward
Public Keys is a weekly roundup from Decrypt that tracks the key publicly traded crypto companies. This week: Circle toes the IPO line with a Coinbase partnership debuff, MicroStrategy could be a 3 percenter soon, Bakkt is back in trouble, and Decrypt reporter Matt Di Salvo explains why experts say midsize Bitcoin miners might need a wellness check in the coming months. Circle is in the ring? USDC issuer Circle is finally back in the ring after filing to go public earlier this week. Another thin...
Coinbase stock sank to a seven-month low on Friday as the U.S. equities market continued plummeting in response to President Donald Trump’s recent tariff announcements. Shares in the American crypto exchange fell more than 13% at one point during Friday’s trading session and remain 6.38% below market open at the time of writing. They are now trading 54% below their 52-week high of $349.75, their lowest point since September 2024. Other leading crypto adjacent stocks are also sliding heavily in...
The price of Bitcoin whipsawed on Friday as China countered U.S. President Donald Trump’s tariffs with sweeping levies of its own and investors mulled fresh labor market data. The leading cryptocurrency was recently changing hands below $83,000, a 1% increase over the past day, according to crypto data provider CoinGecko. Bitcoin rose as high as $84,600 on Friday morning Eastern Time before dipping to $81,700 an hour and a half later. Major altcoins were largely in positive territory with XRP an...
