Marathon Digital, a bitcoin miner, has completed an offering of convertible senior notes and raised around $980 million. The majority of the proceeds will be used to buy more bitcoin and for general corporate purposes. Marathon currently holds around 8% of the bitcoin held by MicroStrategy, the largest publicly traded holder of bitcoin. Other companies, such as Genius Group and Microsoft, have also shown interest in adding bitcoin to their reserves. MicroStrategy founder Michael Saylor expects more companies to follow suit by diversifying their balance sheets with bitcoin in the coming years.



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