Marathon Digital Holdings announced the closing of its offering of 2.125% convertible senior notes due 2031. The company used the proceeds from the sale to acquire 4,144 BTC for $249 million, at an average price of $59,000 per BTC.
The latest purchase increased the company’s BTC reserves to 25,000 BTC and came after CEO and chairman Fred Thiel stated the company was adopting a HODL strategy for the asset.
Marathon Digital’s Latest BTC Purchase
According to a statement by Marathon Digital, the company used a part of the proceeds from the sale of the senior notes, which amounted to an approximate figure of $292.5 million. The convertible senior notes are due in September 2031, bear an annual interest rate of 2.125%, and can be converted into cash, Marathon Digital (MARA) stock, or both. The raise allowed Marathon Digital to purchase 4,144 BTC at an average cost of $59,000 per BTC.
“MARA secures $300M through an oversubscribed offering of convertible senior note
We współpracy z: https://cryptodaily.co.uk/2024/08/marathon-digital-completes-300m-offering-purchases-more-btc
