Recently, Marathon, a leader in the field of digital assets, announced a major investment move and successfully purchased 4,144 Bitcoins for a total price of US$249 million. This move significantly expanded its strategic reserve of Bitcoins. The purchase was funded by the company’s $300 million in capital raised through the issuance of senior notes, further demonstrating Marathon’s firm belief in Bitcoin as a core strategic asset.
On August 14, with the announcement of this news, Marathon’s Bitcoin holdings have soared to more than 25,000, becoming the focus of market attention. It is worth noting that Marathon CEO Fred Thiel publicly stated as early as July that the company will adhere to the principle of long-term holding and will not sell Bitcoin easily. This commitment has been effectively implemented in this large-scale purchase. OK.
The senior notes issued this time not only provided necessary financial support for Marathon, but also attracted the favor of investors with its flexible conversion mechanism (can be converted into cash, Marathon shares or a combination of both). The annual interest rate of the note is set at 2.125%, and the maturity date is September 2031, laying a solid financial foundation for the company's long-term development plan. According to reports, in addition to this Bitcoin purchase, the remaining funds will also be used for further Bitcoin holdings and other strategic investments and operational activities of the company.
Marathon’s spokesperson reiterated the central position of Bitcoin in the company’s strategy and revealed its strategy of actively accumulating Bitcoin through multiple channels. This purchase is another major move following the successful purchase of 2,282 Bitcoins worth approximately US$124 million in July, further consolidating Marathon’s leading position in the digital currency field.
It is worth noting that Marathon’s move comes at a time when cryptocurrency mining is encountering unprecedented challenges. After the Bitcoin halving event, mining revenue dropped sharply, and coupled with high operating costs, large mining companies including Marathon generally faced profitability pressure. Against this background, Marathon’s choice to increase its holdings of Bitcoin rather than rely on short-term mining gains is undoubtedly another strong proof of its long-term strategic vision.
Click my avatar, follow me, share my bull market strategy layout for free, become a free blogger, just to gain followers.I need fans, you need references. Daily contract honey horse, spot password free sharing
