Deep Tide TechFlow news, on December 19, Bitcoin mining company Marathon Digital Holdings (MARA) announced on platform X that the company raised $1.925 billion through the issuance of zero-coupon convertible bonds in November and December. The company has used approximately $1.53 billion to purchase 15,574 bitcoins at an average price of $98,529, and has repurchased approximately $263 million of existing convertible bonds maturing in 2026, with the remaining funds planned to continue purchasing bitcoins.
As of December 18, 2024, MARA holds 44,394 bitcoins, valued at approximately $4.45 billion based on the current bitcoin price of $100,151. The company's bitcoin production yield for the fourth quarter to date has reached 22.5%, with a cumulative annual yield of 60.9%.
