Marathon Digital Holdings has expanded its corporate Bitcoin treasury to over 25,000 BTC by acquiring 4,144 additional Bitcoins for $249 million, utilizing funds from a convertible note offering.
The company's strategy involves holding newly mined coins rather than selling them, aligning with a longer-term perspective in the Bitcoin market.
Marathon's recent $250 million convertible note offering, increased to $300 million due to strong demand, highlights the growing investor interest in Bitcoin as a strategic asset.
Other firms are following suit, raising money through debt markets to buy Bitcoin, indicating a broader market trend towards Bitcoin as a key reserve asset.
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