Marathon raised 950 million dollars: Bitcoin will be purchased

Marathon Digital, the largest Bitcoin mining company in the US and the world, which now defines itself as an "energy and infrastructure company," has sold $950 million in bonds. The bonds, which are due in 2032, can be converted into shares during this period and will have an interest rate of 0%. This means that the bonds will not impose an interest burden on the company.

New Bitcoin purchases will be made

The company officially announced that it has completed the convertible bond sale it started last week, stating that a portion of the revenue will be used to purchase Bitcoin.

After deducting commissions and other expenses from the 950 million dollars in sales, a revenue of 940 million dollars remains, and with this fund;

• With a portion of 18 million dollars, a buyback of a part of the old bonds maturing in 2026 will be made,
• It was stated that an agreement was made with the 40 million dollar portion to prevent potential share increases in the future.

The remaining 855 million dollars;

• an undisclosed portion will be used for new Bitcoin purchases and,
• it was stated that the general company expenses and payments will also be covered by the other part.

Published: July 28, 2025 15:50 Last Updated: July 28, 2025 16:08