Mining Giant Marathon Digital Raises Capital To Buy More Bitcoin As $5,910,000,000 BTC Treasury Swells

Description

The Bitcoin ( BTC ) mining company MARA just completed an upsized offering of convertible senior notes on Friday, July 25th. In a statement, the firm says it sold notes worth $950 million in principal amount, generating net proceeds of approximately $940.5 million. The 0% notes were sold to institutional buyers in a private offering and will be due in 2032. Mara says it used $18.3 million of the proceeds to repurchase approximately $19.4 million in aggregate principal amount of its 1% convertibl...