Marathon Digital, a Nasdaq-listed Bitcoin mining company, has increased its debt offering to $1 billion, up from the initial $700 million, to mature in 2030. The company plans to sell the zero-interest senior notes privately, under Rule 144A of the Securities Act of 1933, to qualified institutional buyers.
The proceeds from the sale will be used to buy more Bitcoin, repurchase $212 million in convertible notes due in 2026, and fund corporate expansion, strategic investments, and debt repayment. Marathon currently holds 27,562 BTC, making it the second-largest Bitcoin-holding public company, behind Michael Saylor’s MicroStrategy.
Source
<p>The post Marathon Digital Increases Debt Offering to $1 Billion first appeared on CoinBuzzFeed.</p>
