๐ *MARA Keeps Moving Forward in the Bitcoin World!*
- Marathon Digital (MARA) has just raised $1 billion to buy more Bitcoin and reduce debt. The move shows MARAโs commitment to expanding its influence in the crypto mining world.
- The funds were raised through the sale of zero-coupon convertible notes, reflecting investor confidence. The majority of the funds will be used to buy Bitcoin, while $199 million will be allocated to pay down debt.
- MARA already owns around 27,000 BTC, making it one of the largest Bitcoin holders among public companies. The strategy follows in the footsteps of MicroStrategy, which has successfully invested heavily in Bitcoin.
- With Bitcoin nearing an all-time high, MARA is optimistic about the mining industryโs growth under favorable political conditions. ๐