Marathon does it (Patreon)

Marathon Digital has significantly expanded its cryptocurrency holdings by acquiring 4,144 Bitcoin for approximately $249 million. This strategic purchase has bolstered the company's Bitcoin reserves to over 25,000 BTC.

Key Details

• Funding Source: The acquisition was funded through proceeds from a $300 million convertible senior notes offering. These notes, due in September 2031, carry a 2.125% annual interest rate.

Purchase Specifics:

• Number of Bitcoin acquired: 4,144

• Average purchase price: Roughly $59,500 per Bitcoin