Bitcoin miner Marathon Digital Holdings Inc. said it will sell $250 million of convertible senior notes and use the proceeds to buy more of the cryptocurrency.
The largest US miner announced in July that it was adopting a strategy similar to the one employed by MicroStrategy Inc., which has been accumulating the cryptocurrency for several years in part on a bet the price will rise.
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David Pan
https://www.bloomberg.com/news/articles/2024-08-12/bitcoin-miner-marathon-to-sell-notes-to-buy-cryptocurrency
2024-08-12 14:59:03
