Bitcoin

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<p><a href="https://ultramining.com/news/en/marathon-digital-to-boost-energy-efficiency-with-s19-xp-miners/" rel="noopener noreferrer nofollow">Marathon</a> Digital Holdings, a major U.S. Bitcoin mining company, has announced plans to raise $250 million through a private offering of convertible senior notes. The funds will primarily be used to expand Marathon's <a href="https://ultramining.com/news/en/rising-mining-difficulty-squeezes-bitcoin-miners-sparks-accumulation-among-whales/" rel="noopener noreferrer nofollow">Bitcoin holdings</a>, reinforcing its long-term strategy to accumulate and hold Bitcoin as a reserve asset. In July alone, Marathon mined 579 Bitcoins and currently holds over 20,000 Bitcoins worth more than $1.1 billion. This move mirrors the strategy of MicroStrategy, which has issued debt and sold shares to amass over 220,000 Bitcoins since 2020, according to <a href="https://bitcoinmagazine.com/business/marathon-digital-holdings-to-raise-250-million-to-buy-more-bitcoin" rel="noopener noreferrer nofollow">Bitcoinmagazine</a>.</p>
<p>Marathon's aggressive expansion aims to strengthen its position in the rapidly evolving Bitcoin <a href="https://ultramining.com/news/en/texas-residents-challenge-bitcoin-mining-industrys-impact-on-power-grid-and-communities/" rel="noopener noreferrer nofollow">mining industry</a> and offer public equity investors indirect exposure to Bitcoin. As Bitcoin increasingly becomes a corporate treasury asset, Marathon's strategy highlights the growing trend of companies adopting Bitcoin as a financial reserve. according to <a href="https://bitcoinmagazine.com/business/marathon-digital-holdings-to-raise-250-million-to-buy-more-bitcoin" rel="noopener noreferrer nofollow">Bitcoinmagazine</a>.</p>

Marathon Digital to Raise $250 Million to Expand Bitcoin Holdings

Ultramining_Eng

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