MARA has bought another $1.1 BILLION Bitcoin (11,774 BTC ) achieved BTC Yield of 12.3% QTD and 47.6% YTD
Posted: Dec 10, 2024
- The article discusses the importance of utilizing XBRL (eXtensible Business Reporting Language) for financial reporting
- XBRL allows for more efficient and accurate analysis of financial data
- Companies like Apple ($AAPL) and Nvidia ($NVDA) use XBRL to improve transparency and accessibility of their financial information
What do people on Reddit think?
🚨 Reddit sentiment: mixed - The comments reflect both positive views on MARA's Bitcoin holdings as a strong asset and skepticism about earnings depending on speculative assets. The valuation was seen as a potential buy, but there was confusion and doubt as well. Summarized comments: - MARA has purchased $1.1 billion worth of Bitcoin, achieving a BTC yield of 12.3% QTD and 47.6% YTD. - Some commenters are skeptical about convertible bonds and question the buyers. - Observations that MARA's earnings are speculative due to its Bitcoin holdings. - Confusion exists among commenters as to why MARA's stock is down given the recent Bitcoin acquisition. - MARA's BTC holdings represent 57% of the company's total market valuation, attracting buying suggestions. - Skepticism about whether more companies will start buying Bitcoin as a strategic move. Stock tickers discussed: $MARA
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