Deep Tide TechFlow news, on December 19, Bitcoin mining company Marathon Digital Holdings (MARA) announced on platform X that it raised $1.925 billion in funds 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 about $263 million of existing convertible bonds maturing in 2026, with the remaining funds planned for further Bitcoin purchases.
As of December 18, 2024, MARA holds 44,394 bitcoins, with a total value of approximately $4.45 billion based on the current Bitcoin price of $100,151. The company's Bitcoin yield in the fourth quarter to date has reached 22.5%, accumulating to 60.9% for the year.
