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The post Marathon Digital Completes $850M Convertible Note Offerings appeared first on Coinpedia Fintech News
MARA Holdings, in a recent press release on Tuesday, December 4, disclosed that Marathon Digital has completed its $850 million convertible note offering at 0% interest, the proceeds of which shall go for additional Bitcoin purchases. The company also sold an additional $150 million option to initial purchasers for purchase within a 13-day period following the issuance.

$850 million with zero interest.
MARA has closed its second convertible note offering with 0% interest. The proceeds will primarily be used to acquire bitcoin and partially repurchase existing convertible notes due 2026.https://t.co/eepRdIPLnm
— MARA (@MARAHoldings) December 4, 2024

The notes were sold privately to qualified institutional buyers. MARA Holdings noted that it will use approximately $48 million of the proceeds to repurchase roughly $51 million in existing convertible notes due 202

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