Mining company Marathon raised $300 million in excess and increased its holdings by 4,144 BTC

ChainCatcher news, Bitcoin mining company Marathon Digital announced on X that it has raised $300 million through oversubscribed convertible preferred notes, with the funds used to purchase 4,144 BTC (worth approximately $249 million), bringing its strategic Bitcoin reserve total to over 25,000 BTC.

Previous news, Marathon Digital plans to privately issue $250 million in convertible preferred notes, with the raised funds primarily intended for purchasing Bitcoin.