US-based Bitcoin mining company Marathon Digital continues to purchase Bitcoin under its strategic reserve policy. The company, which bought 2282 BTC for $120 million in July, then launched a $250 million private bond sale to buy Bitcoin again.
There was more interest in this bond sale than expected, and the company sold extra bonds, raising a total of nearly $292 million. With this incoming money, $249 million worth of Bitcoin was purchased. In the official statement, it was noted that 4144 BTC were received and the total number of Bitcoin held exceeded 25 thousand.

The end date of the private bonds sold was stated as 2031. Investors will be able to receive cash, Marathon shares or both when they want to sell their bonds.

They plan to buy more Bitcoin

In the statement made by Marathon, it was informed that the company payments will be made with the cash remaining from the BTCs received with $292 million from the sale of private bonds, and then Bitcoin will be purchased again with the remaining cash.

According to the information provided by Lookonchain, Bitcoins received between 12-14 August; Galaxy Digital was obtained from FalconX and NYDIG companies.

Bitcoin is trading around $58,200 in the minutes the news was written.