According to BlockBeats, on August 15, Bitcoin mining company Marathon Digital posted on social media that the company received $300 million through oversubscribed convertible senior notes. The money raised was used to purchase 4,144 BTC (worth approximately $249 million). The total strategic Bitcoin reserves have exceeded 25,000 BTC.
BlockBeats previously reported that Bitcoin mining company Marathon Digital Holdings announced on August 12 that it plans to sell a total of US$250 million in convertible senior notes to individuals who are reasonably believed to be qualified institutional buyers through a private placement, subject to market conditions and other factors. The notes will mature in 2031.
