$Marathon Digital Holdings Inc(MARA)$ MicroStrategy announces third debt offering of 2024, plans to raise $700M.
The proceeds will be used to pay off $500 million in existing debt and to purchase more Bitcoin. MicroStrategy currently holds 244,800 BTC.
I get the feeling that Michael Sailor is betting the farm on a bitcoin breakout. I'm thinking that if things go south, he's in big trouble.
MARA mines their own bitcoin.
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