The post Marathon Digital Announces Completion of $1 Billion Debt Offering appeared first on Coinpedia Fintech News
Marathon Digital has announced the completion of $1 Billion Offering of 0% Convertible Senior Notes due 2030. The majority of the net proceeds will be used to fund its future Bitcoin purchases. The offering included an initial principal amount of $850 million, with an additional $150 million exercised under an option granted to initial purchasers. Following strong investor demand, MARA decided to increase the total offering from its original target of $700 million to $1 billion. MARA has committed fully to a “HODL” Bitcoin treasury policy, retaining all mined BTC and making regular purchases. It currently holds approximately 27,562 BTC, valued at around $2.6 billion.