TechFlow news — On December 19, Bitcoin mining company Marathon Digital Holdings (MARA) announced on the X platform that it raised $1.925 billion through the issuance of zero-coupon convertible notes in November and December.
The company has used approximately $1.53 billion to purchase 15,574 BTC at an average price of $98,529 per bitcoin, and repurchased about $263 million of its existing convertible notes maturing in 2026. The remaining funds will continue to be used for Bitcoin acquisitions.
As of December 18, 2024, MARA holds 44,394 BTC, with a total value of approximately $4.45 billion. The company’s Bitcoin production yield reached 22.5% in the fourth quarter to date, and 60.9% for the full year.
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