📰 Marathon Digital Buys $249M in Bitcoin After Raising $300M

- Marathon Digital bought 4,144 BTC at an average price of $59,500, increasing its reserves to 25,000 BTC.

- The company raised $300M through the issuance of convertible senior notes with an interest rate of 2.125%.

- The remaining funds will be used to purchase bitcoin and for corporate needs.

- MARA shares fell 2.26%, and Q2 profit missed Wall Street expectations.

Source: Google Finance