{"id":253508,"date":"2024-08-12T14:35:53","date_gmt":"2024-08-12T14:35:53","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/08\/12\/marathon-digital-holdings-to-raise-250-million-to-buy-more-bitcoin\/"},"modified":"2025-06-25T17:12:33","modified_gmt":"2025-06-25T17:12:33","slug":"marathon-digital-holdings-to-raise-250-million-to-buy-more-bitcoin","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/08\/12\/marathon-digital-holdings-to-raise-250-million-to-buy-more-bitcoin\/","title":{"rendered":"Marathon Digital Holdings To Raise $250 Million To Buy More Bitcoin"},"content":{"rendered":"<p> [ad_1]<br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/.image\/c_fit%2Ch_800%2Cw_1200\/MjA3Mjk0NDA4NTI0MDQ3NDcw\/loixsg3o.png\" \/><\/p>\n<p><a href=\"https:\/\/bitcoinmagazine.com\/tags\/marathon\">Marathon<\/a> Digital Holdings, one of the US&#8217;s largest publicly traded Bitcoin miners, announced plans to raise $250 million through a private offering of convertible senior notes. The funds will be used primarily to expand Marathon&#8217;s Bitcoin holdings.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">BREAKING: \ud83c\uddfa\ud83c\uddf8 MARATHON DIGITAL HOLDINGS TO RAISE $250 MILLION TO BUY MORE <a href=\"https:\/\/twitter.com\/hashtag\/BITCOIN?src=hash&amp;ref_src=twsrc%5Etfw\">#BITCOIN<\/a> <a href=\"https:\/\/t.co\/6NKbfyDPvh\">pic.twitter.com\/6NKbfyDPvh<\/a><\/p>\n<p>&mdash; Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1822959251272106450?ref_src=twsrc%5Etfw\">August 12, 2024<\/a><\/p><\/blockquote>\n<p>The Nevada-based company operates a fleet of miners, producing around 579 bitcoins in July. Marathon&#8217;s balance sheet contains over 20,000 Bitcoin worth over $1.1 billion.<\/p>\n<p>Earlier in July, Marathon bought $100 million worth of Bitcoin on the open market as part of its long-term &#8220;hodl&#8221; strategy. The company said it will hold all newly mined Bitcoin as reserves.<\/p>\n<p>This <a href=\"https:\/\/ir.mara.com\/investors\/news-events\/press-releases\/detail\/1366\/marathon-digital-holdings-inc-announces-proposed-private-offering-of-250-million-of-convertible-senior-notes\">latest move<\/a> to raise capital for direct Bitcoin purchases mirrors the strategy pioneered by <a href=\"https:\/\/bitcoinmagazine.com\/tags\/microstrategy\">MicroStrategy<\/a>. Since 2020, MicroStrategy has issued debt and sold shares to accumulate more than 220000 Bitcoin in corporate treasury.\u00a0<\/p>\n<p>Marathon aims to position itself atop the nascent but rapidly evolving Bitcoin mining and services industry by aggressively expanding its Bitcoin stack.\u00a0<\/p>\n<p>This fundraising approach allows public equity investors indirect exposure to Bitcoin. With growing adoption from firms like Microstrategy, Semler Scientific, and Metaplanet, bitcoin is emerging as a corporate treasury asset class.<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/bitcoinmagazine.com\/business\/marathon-digital-holdings-to-raise-250-million-to-buy-more-bitcoin\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Marathon Digital Holdings, one of the US&#8217;s largest publicly traded Bitcoin miners, announced plans to raise $250 million through a private offering of convertible<\/p>\n","protected":false},"author":1,"featured_media":253509,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[172],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/253508"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=253508"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/253508\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/253509"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=253508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=253508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=253508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}