Since June, seven listed bitcoin miners have raised $5.20 billion in convertible bonds
2024-12-06 05:34:41
Since today this month seven companies have gone public bitcoin and mining companies have passeddesk3cryptocurrencydesktopCrypto News
Since June, seven publicly traded bitcoin miners have raised a total of $5.20 billion in convertible bonds. 70% of that, or $3.60 billion, has been raised in the past four weeks. MARA and Core Scientific have raised more than $2.40 billion in zero-coupon convertible bonds in recent weeks, with MARA alone raising $1.85 billion. Both companies' conversion prices are about 40% higher than their average share price at the time of issuance.
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