{"id":135368,"date":"2024-08-12T17:30:06","date_gmt":"2024-08-12T14:30:06","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=135368"},"modified":"2024-08-12T17:21:22","modified_gmt":"2024-08-12T14:21:22","slug":"top-bitcoin-miner-to-raise-250-million-to-boost-btc-holdings","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/top-bitcoin-miner-to-raise-250-million-to-boost-btc-holdings\/","title":{"rendered":"Top Bitcoin Miner to Raise $250 Million to Boost BTC Holdings"},"content":{"rendered":"<p>The company <strong><a href=\"https:\/\/ir.mara.com\/investors\/news-events\/press-releases\/detail\/1366\/marathon-digital-holdings-inc-announces-proposed-private-offering-of-250-million-of-convertible-senior-notes\" target=\"_blank\" rel=\"nofollow\">aims<\/a><\/strong> to use this funding to enhance its Bitcoin (<strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">BTC<\/a><\/strong>) holdings and support general corporate activities. This move reflects a broader trend where companies are increasing their Bitcoin investments.<\/p>\n<p>The planned issuance will involve $250 million in senior convertible notes, available to qualified institutional buyers. These notes will mature in 2031 and will help Marathon Digital expand its Bitcoin acquisitions.<\/p>\n<p>Additionally, the company will offer an extra $37.5 million in notes over a 13-day window following the initial issuance.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/sec-postpones-verdict-on-groundbreaking-bitcoin-ethereum-etf\/\" title=\"SEC Postpones Verdict on Groundbreaking Bitcoin-Ethereum ETF\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/bitcoin-ethereum-4-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">SEC Postpones Verdict on Groundbreaking Bitcoin-Ethereum ETF<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>The convertible notes will be unsecured senior debt, with interest payments scheduled semiannually from March 1, 2025, to September 1, 2031.<\/p>\n<p>Marathon Digital\u2019s strategy aligns with a growing trend among companies to bolster their Bitcoin holdings, influenced by the increased institutional interest and the recent approval of spot Bitcoin ETFs by the SEC. This trend has led to substantial investment in Bitcoin, further driving its value and appeal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Marathon Digital has revealed plans to issue $250 million in convertible senior notes.<\/p>\n","protected":false},"author":3,"featured_media":132473,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-135368","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Top Bitcoin Miner to Raise $250 Million to Boost BTC Holdings<\/title>\n<meta name=\"description\" content=\"Marathon Digital has revealed plans to issue $250 million in convertible senior notes.\" \/>\n<meta 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