MARA Holdings, an industry leader in digital assets and blockchain computing, , announced its plan to raise $805 million through convertible senior notes due 2031.
This capital raising aims to boost the company’s Bitcoin reserve and pay off existing debt.
MARA plans to spend up to $199m to buyback a portion its convertible notes that mature in 2026. The remaining funds will be used to support its general corporate activities and increase its Bitcoin holdings.
Bitcoin Price $100k: A December Dream or a Dream?
Genius Group Limited, a company that focuses on AI-driven learning and adopts a “Bitcoin first” strategy, announced Monday it had added $1.8 Million to the Bitcoin Treasury.
The company now has 172 BTC worth $15.8 Million, or an average net price per Bitcoin of $92,006 USD.
This investment is in line with Genius Group’s recent commitment to store at least 90% its current and future Bitcoin reserves, aiming to collect $120 million of cryptocurrency.
On Monday, Japanese investment company Metaplanet announced a shareholder rewards program that offered Bitcoin prizes via a lottery system.
The program is open to shareholders who own a minimum 100 shares before December 31. There are 30 million yen in Bitcoin (approximately 199,000 dollars) as a prize pool.
Simultaneously, MARA Holdings, a company operating in the digital asset and blockchain computing industry, revealed its plan to secure $805 million by issuing convertible senior notes due in 2031.
This capital raise seeks to bolster the company’s Bitcoin reserves and address existing debt.
MARA intends to allocate up to $199 million to buy back a portion of its convertible notes maturing in 2026, utilizing the remaining funds to increase its Bitcoin holdings and support general corporate activities.
$100k Bitcoin Price: A December Dream?
Further fueling the Bitcoin market, Genius Group Limited, an AI-driven education company embracing a “Bitcoin-first” approach, announced on Monday that it had added $1.8 million to its Bitcoin treasury.
The latest purchase raises the company’s total Bitcoin reserves to 172 BTC, valued at $15.8 million, with an average net price of $92,006 per Bitcoin.
This investment follows Genius Group’s recent commitment to hold at least 90% of its current and future reserves in Bitcoin, aiming to accumulate $120 million worth of the cryptocurrency.
Adding to the wave of Bitcoin acquisitions, Japanese investment firm Metaplanet unveiled a shareholder reward program on Monday, offering Bitcoin prizes through a lottery system.
Shareholders owning a minimum of 100 shares by December 31 are eligible for the program, which boasts a total prize pool of 30 million yen (approximately $199,500) in Bitcoin.
Divided in different amounts, the rewards will be distributed to 2,350 shareholders via a lottery.
New accounts opened between November 18th, 2018 and March 31, 2025 can also participate by registering on a special website before the deadline.
Bitcoin Price Predictions – Institutional Influence is on the Horizon
Bitcoin’s value has fluctuated significantly in recent months, with an increase of around 40% after Trump’s victory as U.S. president in November.
It is now a question of whether or not the investments made by companies such as MicroStrategy and Metaplanet can generate the momentum needed to push the Bitcoin price up towards the ambitious December target.
Bitcoin’s price could be on an upward trend if the current market dynamics are fueled by massive investments made by established and emerging players.
The influence of institutional purchases on the future of Bitcoin is a subject of intense observation, especially with the $100k goal in sight.
These major players’ combined efforts create a new wave in investment, which could signal a bullish direction for Bitcoin despite recent price fluctuations
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