Marathon Digital Holdings has announced the issuance of $250 million in convertible bonds, due in 2031, to institutional investors. 💰

The world's largest Bitcoin mining company is also considering selling an additional $37.5 million in bonds, subject to market conditions.

The $250 million will be used to purchase more Bitcoin and for general corporate purposes such as asset expansion, strategic acquisitions, and debt repayment.

Buying moves by BTC whales like Marathon could have a major impact on Bitcoin's price. 📈

What do you think of Marathon's strategy? Share your thoughts! 👇#Bitcoin#Crypto #MarathonDigital