MARA raises $1.93B, buys 15,574 BTC

U.S. crypto mining firm MARA Holdings (formerly Marathon Digital) announced on X that it raised $1.93 billion through zero-coupon convertible notes, purchasing 15,574 Bitcoin (BTC) for $1.53 billion at an average price of $98,529. The firm repurchased $263 million of existing notes and plans further BTC acquisitions. MARA now holds 44,394 BTC, valued at $4.45 billion.