Marathon Digital Seeks $700M on Wall Street to Boost BTC Holdings

Mining firm Marathon Digital plans to raise $700 млн through bonds and loans to increase its Bitcoin reserves by about 5,000–8,000 coins. This financing decision reflects a new phase in miners’ strategies, aiming to accumulate large crypto holdings like MicroStrategy. Analysts estimate that at current BTC prices, $700 млн could secure around 7% of the annual mined supply.

If successful, Marathon could join the top five corporate Bitcoin holders, reinforcing the institutionalization of the crypto market. The rising share of BTC in its assets could mitigate risks and strengthen the company’s balance sheet, especially amid volatile energy costs.

However, experts warn of potential downsides. Debt servicing might strain profit margins if prices correct sharply. Marathon must manage its obligations without selling BTC reserves at unfavorable rates. Should the strategy pay off, the firm sets a precedent for other miners looking to leverage credit markets to accumulate digital assets.