Reported 2 months ago
Marathon Digital Holdings Inc., a leading Bitcoin mining company, announced plans to sell $250 million in convertible senior notes to invest in more Bitcoin. This strategy follows a trend among public mining firms to increase their holdings in response to favorable market conditions after the recent Bitcoin 'halving'. Despite a significant decline in its stock price this year, Marathon continues to bolster its cryptocurrency assets, holding over 20,000 Bitcoin as of July.
Source: YAHOO