{"id":143788,"date":"2024-12-02T21:00:35","date_gmt":"2024-12-02T19:00:35","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=143788"},"modified":"2024-12-02T19:57:25","modified_gmt":"2024-12-02T17:57:25","slug":"marathon-digital-announces-700m-fundraising-plan-to-boost-bitcoin-acquisitions","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/marathon-digital-announces-700m-fundraising-plan-to-boost-bitcoin-acquisitions\/","title":{"rendered":"Marathon Digital Announces $700M Fundraising Plan to Boost Bitcoin Acquisitions"},"content":{"rendered":"

The company announced<\/a> <\/strong>plans for a private offering of 0% convertible senior notes due 2031, targeting institutional investors. This initiative has fueled optimism about Bitcoin’s<\/a> <\/strong>prospects, following MARA’s history of substantial investments in the cryptocurrency.<\/p>\n

In its announcement, MARA outlined a proposal for $700 million in unsecured convertible notes, granting initial buyers the option to acquire an additional $105 million within 13 days of issuance. While the offering is subject to market conditions, the company confirmed its primary goal: using the funds to increase its Bitcoin holdings and partially repurchase $50 million of 2026 convertible notes.<\/p>\n

Despite the offering’s unsecured nature, the move highlights MARA’s confidence in Bitcoin’s potential and its strategy to solidify its position as a leading player in the mining sector. This follows a prior $1 billion private offering that was also directed toward Bitcoin accumulation.<\/p>\n