Senior

Crypto miner Marathon Digital Holdings is borrowing $500 million to buy bitcoin

12 days ago   |   By

Ozan Kose/Getty Images
Marathon Digital plans to sell $500 million in convertible bonds, and some proceeds will go toward buying bitcoin.
The crypto miner separately said the SEC has asked it for information related to a data center in Montana.
Marathon Digital stock dropped as much as 16% during Monday's session.
Marathon Digital on Monday said it plans to sell hundreds of millions of dollars worth of debt and use some of the funds it raises to buy bitcoin. Shares dropped, with pressure also coming after the cryptocurrency miner disclosed receiving a regulatory subpoena related to a data...
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Anthony Scaramucci says bitcoin will go up at an "exponential" rate and will eventually eclipse gold as an inflation hedge

12 days ago   |   By

Anthony Scaramucci
Hollywood To You/Star Max
Bitcoin will eventually be a better inflation hedge than gold, SkyBridge Capital boss Anthony Scaramucci told CNBC.
He said he expected bitcoin to go up exponentially, while gold will only go up linearly.
Bitcoin has been touted as a better inflation hedge than gold by many experts.
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SkyBridge Capital's Anthony Scaramucci said in a recent interview that he believes bitcoin will eventually overtake gold, both in terms of the size of the overall market, in addition to...
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