{"id":135595,"date":"2024-08-15T13:00:20","date_gmt":"2024-08-15T10:00:20","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=135595"},"modified":"2024-08-15T12:50:03","modified_gmt":"2024-08-15T09:50:03","slug":"top-crypto-miner-boosts-bitcoin-holdings-with-249m-purchase","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/top-crypto-miner-boosts-bitcoin-holdings-with-249m-purchase\/","title":{"rendered":"Top Crypto Miner Boosts Bitcoin Holdings with $249M Purchase"},"content":{"rendered":"

On August 14, the company announced the acquisition of approximately 4,144 BTC at an average price of $59,500 per token, boosting its total holdings to over 25,000 BTC.<\/p>\n

This significant purchase was funded by the proceeds from a successful $300 million senior notes offering. The senior notes, due in September 2031, have an interest rate of 2.125% and are convertible into cash, Marathon stock, or both.<\/p>\n

Marathon plans to use the remaining proceeds for further Bitcoin acquisitions and general corporate purposes, including potential strategic acquisitions.<\/p>\n

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Marathon\u2019s investment strategy reflects a broader trend among institutional investors who view Bitcoin as a hedge against inflation and a valuable long-term asset. The company regards Bitcoin as a prime strategic reserve asset and is actively pursuing a multi-faceted strategy to accumulate more of the cryptocurrency.<\/p>\n

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MARA secures $300M through an oversubscribed offering of convertible senior notes. With proceeds, we purchased 4,144 BTC (valued at approx. $249M), boosting our strategic bitcoin reserve to over 25,000 BTC. Learn more: pic.twitter.com\/EKwKW6eSny<\/a><\/p>\n

\u2014 MARA (@MarathonDH) August 14, 2024<\/a><\/p><\/blockquote>\n