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Marathon Digital Completes $300M Convertible Notes Offering, Buys $249M in Bitcoin
Marathon Digital closes $300M offering of 2.125% Convertible Senior Notes due 2031.
Net proceeds from the offering totaled approximately $292.5M.
Marathon acquired 4,144 Bitcoin for $249M, at an average price of $59,500 per Bitcoin.
Notes bear interest at 2.125% annually, with maturity on September 1, 2031.
Holders can convert notes into cash, shares of MARA stock, or a combination.
Redemption option available after September 6, 2028, if MARA’s stock price exceeds 130% of the conversion price.
Remaining proceeds to be used for more Bitcoin purchases, working capital, strategic acquisitions, and debt repayment.
Notes sold to qualified institutional buyers under Rule 144A of the Securities Act.
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🎙️Discussion: 1. How will tariff policies affect the movement of key assets such as U.S. stocks, gold, and Bitcoin? 2. Given this context,
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EZ_money : gotta love how these companies keep diluting their stocks and making retail pay for the BTC they are grabbing. the rich using the public's money to gain more wealth
EZ_money : Saylor is the worst CEO ever. he's a crackhead