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Marathon Digital Acquires 4,144 Bitcoins With $300M Convertible Note Offering

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Bitcoin miner Marathon Digital (NASDAQ: MARA) has purchased 4,144 Bitcoins with $249 million in cash.

The Bitcoin miner said that its $300 million convertible notes are unsecured, senior obligations that bear an interest rate of 2.125% per annum with semi-annual arrears payable from March 1, 2025 .

The maturity of the convertible notes will happen on September 1, 2031 .

Bitcoin price has come under selling pressure despite cooling of US CPI inflation.