According to ChainCatcher, Bitcoin mining company Marathon Digital posted on X that the company received $300 million through oversubscribed convertible senior notes, and the money raised was used to purchase 4,144 BTC (worth about $249 million). Its total strategic Bitcoin reserves have exceeded 25,000 BTC.

According to previous news, Marathon Digital plans to issue $250 million in convertible senior notes privately, and the funds raised will be mainly used to purchase Bitcoin.