Marathon Digital Acquires 4,144 Bitcoins With $300M Convertible Note Offering

Quick Summary:

Bitcoin miner Marathon Digital (NASDAQ: MARA) has revealed that it has purchased a total of 4,144 Bitcoins with $249 million in cash.

The purchase of BTC happened within two days after the convertible notes were oversubscribed earlier this week.

Recently this year, they also purchased $100 million in BTC from the open market making it the second-largest corporate holder of BTC after MicroStrategy.

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets: India

Topics: 24/7 Cryptocurrency News Bitcoin (BTC) Price Marathon Digital MARA stock Bitcoin News Bitcoin Miner

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-15 @ 04:27:07 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 519 words

Reading Time: 3 minutes read

Sentences: 37 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22083828

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 18 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #59

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