Marathon Digital Follows MicroStrategy’s Lead with $300M Bitcoin Purchase Amid Mining Sector Woes

In a strategic pivot reminiscent of Michael Saylor’s approach, Marathon Digital has raised $300 million through convertible notes to purchase over 4,000 bitcoins, signaling a shift from mining investment to direct Bitcoin acquisition in response to declining profitability within the mining sector.

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Marathon Digital buys $249m in Bitcoin after raising $300m from convertible notes

Marathon Digital has bought $249 million worth of Bitcoin using funds raised from a $300 million offering of convertible senior notes. In an Aug. 14 press release, Marathon, which is the largest public Bitcoin (BTC) miner by realized hash rate,…

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Core Scientific seeks raising $400m to repay outstanding loans

Bitcoin miner Core Scientific is offering $400 million in convertible notes due 2029 to repay in full the outstanding loans. The shares of Bitcoin miner Core Scientific (CORZ) plunged as much as 10% on Aug. 14, after the company announced…

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Largest Public Bitcoin Miner To Raise $250 Million For Massive BTC Acquisition

Marathon Digital Holdings, Inc. (NASDAQ: MARA), the world’s largest public listed Bitcoin miner with a market cap of more than $5 billion, has announced a strategic financial initiative to bolster its Bitcoin holdings through the issuance of $250 million in convertible senior notes.

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Nevada-Based Miner Marathon Digital to Boost Bitcoin Holdings with $250 Million Raise

Marathon Digital announces a $250 million raise via convertible senior notes issuance aiming to increase its Bitcoin holdings. The post Nevada-Based Miner Marathon Digital to Boost Bitcoin Holdings with $250 Million Raise appeared first on BeInCrypto.

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Marathon Digital seeks raising $250m to buy more Bitcoin

Marathon Digital is planning a $250 million private offering of convertible senior notes, intensifying its commitment to expanding Bitcoin holdings. Bitcoin mining firm Marathon Digital Holdings is seeking to raise $250 million through a private offering of convertible senior notes…

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Marathon Digital Holdings To Raise $250 Million To Buy More Bitcoin

Marathon Digital Holdings announced a $250 million private offering of convertible notes to expand its bitcoin holdings. The Bitcoin mining firm aims to mimic MicroStrategy's corporate bitcoin accumulation strategy.

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MicroStrategy to raise $2B with ATM offering as shareholders accrue more Bitcoin per share

Quick Take Q2 2024 Highlights On Aug. 1, MicroStrategy announced its Q2 results, highlighting a significant milestone as its total Bitcoin holdings reached 226,500 BTC. The company reported several key financial moves in Q2 2024, according to their quarterly presentation, including raising $800 million through 2032 convertible notes, calling $650 million of 2025 convertible notes, […] The post MicroStrategy to raise $2B with ATM offering as shareholders accrue more Bitcoin per share appeared first on CryptoSlate.

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87% of Bitcoin holders in profit despite BTC dip to below $64k

Despite Bitcoin price struggling to break higher since the latest rejection from the $70k mark, the vast majority of BTC holders are still profitable. Although MicroStrategy purchased 11,931 BTC worth $786 million using the proceeds from a recent convertible notes…

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MicroStrategy buys 12k new BTC

MicroStrategy shows no signs of slowing down with another $786 million purchase of Bitcoins. MicroStrategy expanded its Bitcoin holdings with the purchase of 11,931 BTC for $786 million in cash “using proceeds from convertible notes,” the firm’s founder Michael Saylor…

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MicroStrategy adds 11,931 BTC to its holdings following $800M note deal

MicroStrategy bought 11,391 BTC, worth around $786 million. The firm used proceeds from convertible notes and excess cash for its purchase. The post MicroStrategy adds 11,931 BTC to its holdings following $800M note deal appeared first on Crypto Briefing.

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Nearly $500M Liquidated In Crypto Markets as Bitcoin Drops Below $65K — Analyst Notes Post-Halving Pattern

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Bitcoin Surge Incoming? MicroStrategy Prepares To Buy $700 Million Worth Of BTC

MicroStrategy, a leading American business intelligence and analytics company, has unveiled plans to buy Bitcoin once again. The AI-powered firm upsized its initial $500 million offerings on convertible notes to $700 million, intending to use the proceeds to acquire an equivalent amount of Bitcoin.

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MicroStrategy ups convertible note offering to $700M

MicroStrategy has increased its convertible senior notes offering from an initially planned $500 million to $700 million. The notes will pay 2. 25% interest per year and are due in 2032. According to the company’s statement, investors will be able to convert them into shares of MicroStrategy’s stock.

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MicroStrategy upsizes convertible offering to $700m to buy Bitcoin

MicroStrategy has revealed the pricing of its convertible senior notes offering of $700 million. The announcement comes a day after the company outlined an initial $500 million offering, with this latest press release noting an upsize to $700 million aggregate…

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MicroStrategy to buy more Bitcoin after raising $500m

MicroStrategy is looking to offer $500 million worth of convertible senior notes, with proceeds used to purchase additional Bitcoin (BTC), the company announced on Thursday. Notes mature in 2032. On Thursday, MicroStrategy revealed plans to offer qualified institutional buyers the…

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MicroStrategy issues $500M in convertible notes to buy more Bitcoin

MicroStrategy is set to offer $500 million in convertible senior notes due in 2032 to finance more Bitcoin acquisitions. This private offering targets qualified institutional buyers and seeks to bolster the company’s resources amid volatile market environments.

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MicroStrategy Plans to Buy More Bitcoin With $500 Million Bond Sale

MicroStrategy plans to boost its Bitcoin reserves via a $500 million convertible senior notes offering, potentially raising $575 million. The post MicroStrategy Plans to Buy More Bitcoin With $500 Million Bond Sale appeared first on BeInCrypto.

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Michael Saylor’s MicroStrategy To Raise $500M To Buy More Bitcoin

MicroStrategy plans to raise $500 million through a convertible senior notes offering, with proceeds going primarily toward acquiring more Bitcoin for its corporate treasury.

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MicroStrategy to expand Bitcoin stash with $500 million convertible notes offering

MicroStrategy announces a $500M convertible notes offering to finance additional Bitcoin acquisitions, highlighting its investment strategy. The post MicroStrategy to expand Bitcoin stash with $500 million convertible notes offering appeared first on Crypto Briefing.

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'1 Nakamoto of BTC': Michael Saylor Notes Major Bitcoin ETF Milestone

Michael Saylor, CEO of MicroStrategy, announced that Bitcoin spot ETFs now collectively hold 1 million BTC, milestone he dubs '1 Nakamoto'

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MicroStrategy Completes Latest 9,000 Bitcoin Buy

MicroStrategy has completed another significant Bitcoin buy, using funds from a private offering of $623 million in convertible notes to fund a purchase of 9,245 BTC, bringing the company's total holdings to 214,246 Bitcoin, more than 1% of the total supply.

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MicroStrategy Now Holds 1% Of All Bitcoin In Existence

On Tuesday, MicroStrategy announced the acquisition of an additional 9,245 BTC for approximately $623. 0 million, using proceeds from convertible notes and excess cash. This purchase brings the company’s total holdings to 214,246 BTC.

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MicroStrategy Raises $603 Million in Senior Notes to Buy More Bitcoin

MicroStrategy bought 9,245 BTC after completing $603 million senior note offering

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MicroStrategy Increases Convertible Loan to $525 Million to Buy More Bitcoin

MicroStrategy has upsized its planned convertible senior notes offering to $525 million in order to purchase more Bitcoin.

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MicroStrategy set to buy more Bitcoin, to raise $500m via convertible notes

MicroStrategy® Incorporated (Nasdaq: MSTR) on Wednesday said it will raise $500 million by offering convertible senior notes due 2031 in a private sale targeted at qualified institutional buyers, as per Rule 144A of the Securities Act of 1933.

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MicroStrategy boosts Bitcoin investment with $800 million convertible notes offering

In a strategic financial maneuver, MicroStrategy® Incorporated (Nasdaq: MSTR), a global leader in business intelligence, announced the successful completion of its convertible senior notes offering on March 8, 2024.

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MicroStrategy Completes Latest 12,000 Bitcoin Buy

MicroStrategy has completed another significant Bitcoin buy, using funds from a private offering of $600 million in convertible notes to fund a purchase of 12,000 BTC, bringing the company's total holdings to 205,000 Bitcoin.

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MicroStrategy Plans Another $600 Million Bitcoin Buy Before Halving

MicroStrategy is gearing up for a significant Bitcoin buy, announcing a private offering of $600 million in convertible notes to fund another major BTC purchase prior to the upcoming halving.

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Bitcoin Set For Monster Rally: MicroStrategy’s Upsized $700M Notes Sale Could Thrust Bitcoin To $100K

Adding to the bullish momentum, MicroStrategy, the business intelligence company best known for its relentless commitment to stockpiling the benchmark crypto has raised its convertible debt offering to $700 million from $600 million as part of a move to acquire more BTC and boost its cache even further.

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MicroStrategy’s MSTR stock jumps 23% as it unveils $600m offering to buy more Bitcoin

The largest corporate holder of Bitcoin, MicroStrategy, is about to become even larger with the latest $600 million offering in convertible notes to buy more crypto. MicroStrategy wants to sell $600 million in convertible senior notes to buy more Bitcoin…

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MicroStrategy launches $600 million notes offering to fuel Bitcoin acquisition as stock surges

MicroStrategy announced plans to offer $600 million in convertible senior notes due 2030 to fund further acquisitions of Bitcoin after its stock price surged 20% in the early hours of trading on March 4.

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MicroStrategy to sell $600 million worth of convertible notes to buy more Bitcoin

MicroStrategy announces a $600M offering of convertible notes to fund further Bitcoin acquisitions, doubling down on crypto investments.

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This Crypto Exchange Just Got Hacked for $26 Million

Security firm Peckshield and threat researcher Officer's Notes confirmed that decentralized exchange FixedFloat was hacked on Saturday. The post This Crypto Exchange Just Got Hacked for $26 Million appeared first on BeInCrypto.

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Coinbase increases tender offer for senior notes to $180m

Coinbase has amended its tender offer for 3. 625% senior notes due 2031, increasing the cap from $150 million to $180 million and extending the expiration date to Sept. 18, 2023. Coinbase Global, Inc.

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Coinbase reports subdued interest in debt buyback adjusts offer

Coinbase’s announcement on Aug. 21 disclosed that their buyback program, initiated earlier this month, has garnered slightly above $50 million in bond tenders. As a response, the exchange has increased its offering on the 3.625% Senior Notes maturing in 2031…

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Base Welcomes Compound as SushiSwap Debut Expected Next

The freshly minted USDbC on Base currently boasts a total collateral amounting to $3. 76 million. The dashboard notes a total borrowings value of $2. 25 million. For lenders on the platform, the annual percentage rate (APR) stands at 1.

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CoinsPaid Says Lazarus Group Was Behind Platform’s $37.3 Million Hack

CoinsPaid has said it is back to processing transactions on the platform after the security incident. However, the company notes that fortified systems minimized the hack's impact. The post CoinsPaid Says Lazarus Group Was Behind Platform’s $37.3 Million Hack appeared first on BeInCrypto.

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Coinbase redeems $65M in convertible notes at 29% discount

The cryptocurrency exchange estimates it will only need $45.5 million in cash to redeem the instruments.

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BOCI and UBS issue tokenized securities in Hong Kong via Ethereum

BOCI, the investment banking subsidiary of the Bank of China, has successfully launched tokenized structured notes valued at 200 million offshore renminbi ($28 million) on the Ethereum blockchain.

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Coinbase reports 22% revenue growth, net loss of $79M for Q1; notes lower volatility in Q2

Coinbase said May 4 that its net revenue increased by 22% quarter over quarter to $736 million and its operating expenses fell by 24% from the previous quarter. The reduction in operating expenses is related to the fact that the company laid off 950 employees in January.

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Stablecoin Issuer MakerDAO Proposes Additional $750M U.S. Treasury Purchase

The decentralized autonomous organization behind the DAI coin previously purchased $500 million worth of notes and bonds.

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Stronghold Digital Mining Files With SEC to Raise $18 Million From Debt

Stronghold Digital Mining disclosed its intent to extinguish $17.9 million of principal debt by converting Notes to equity. The post Stronghold Digital Mining Files With SEC to Raise $18 Million From Debt appeared first on BeInCrypto.

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BlackRock comes to Core Scientific’s aid with a $17m loan 

BlackRock has promised $17 million to bankrupt Core Scientific as part of a new $75 million loan from the holders of the miner's secured convertible notes, according to a recent filing with the SEC.

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BlackRock Gives Bankrupt Bitcoin Miner Core Scientific New $17M Loan

BlackRock, which already was largest shareholder of the miner, also had $37.9 million secured convertible notes with Core.

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Digital Asset Platform Bakkt Agrees to Buy Apex Crypto for Up to $200M

The firm will pay $55 million in cash, upon deal close, and $145 million in stock and seller notes upon achieving certain financial targets.

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Marathon Digital invested over $30 million in bankrupt Compute North

Bitcoin (BTC) miner Marathon Digital has disclosed it invested $10 million in convertible preferred stock and $21. 3 million in unsecured senior promissory notes in bankrupt crypto firm Compute North, according to an October 6 press statement.

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Audius: Autopsy of $6m music heist reveals some out of key notes

Hacks within the cryptocurrency domain are very frequent. Recently, a decentralized music platform Auduis suffered as it lost 18.5 million AUDIO tokens ($6m) following a malicious attack. Broken striThe post Audius: Autopsy of $6m music heist reveals some out of key notes appeared first on AMBCrypto.

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Charles Hoskinson Backs up His Predictions, 4 Million Assets Were Issued on Cardano Ecosystem

Charles Hoskinson notes that four million assets have been issued on Cardano

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