Overview

• Marathon Digital aims to raise $250 million through convertible senior notes maturing in 2031.
• The funds will be used to acquire more Bitcoin and for general corporate purposes.
• Industry experts warn of potential risks, comparing the strategy to MicroStrategy's approach.
• Marathon's shares dropped following the announcement, reflecting investor concerns.
• The company currently holds over 20,000 Bitcoin, making it one of the largest holders among public companies.