Mining company Marathon Digital announced the acquisition of an additional 703 BTC. To carry out the transaction, it used capital received from the placement of convertible bonds at 0% in the amount of $1 billion.
The company has already purchased 6,474 BTC at an average price of $95,395 per unit.
With our 0% $1 billion convertible notes offering, we are excited to share an update:
— Acquired an additional 703 BTC, bringing the total to 6,474 BTC, at an average price of $95,395 per BTC
— YTD BTC Yield Per Share 36.7%
— Total owned BTC: ~34,794 BTC, currently valued at… pic.twitter.com/bzbunlyBRN— MARA (@MARAHoldings) November 27, 2024
Note that Marathon Digital’s Bitcoin portfolio contains approximately 34,794 BTC, which is valued at $3.3 billion (priced at $95,000). The report said that since the beginning of 2024, Bitcoin’s return per share was 36.7%.
The company also announced the repurchase of part of the bonds maturing in 2026 in the amount of $200 million. At the same time, the company plans to use $160 million, minus transaction costs, for additional purchases of the first cryptocurrency during the fall in the exchange rate.
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Source: Cryptocurrency
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