Oversubscribed. As mentioned on another thread, there will be a shift of money from bonds to bitcoin as Store of Value Prolly nothing... https://finance.yahoo.com/news/bitcoin-miner-marathon-sell-notes-125001048.html (Bloomberg) -- Bitcoin miner Marathon Digital Holdings Inc. said it will sell $250 million of convertible senior notes and use the proceeds to buy more of the cryptocurrency.
Still sitting on 30 short-puts for Mara for some time now. 2/3 of them will expire in 2026. Trade's been very well so far. I am more interested in Cleanspark news today as they released some info on YouTube hours ago, something to address about late filings... but added some great news for their new fleet and other info. Yesterday it seems people may have panicked as today I noticed there was a short-sale restriction on them.
Ermmm This is EliteTrader.... You are expected to know the basics before coming here. Though this side of the crypto forum looks like an exception (always the bears for some reason).
Translation: a company is gambling their bonds into shitcoins. There are tons of companies that take wrong decisions. That might be one of them.
Interesting. I bought a couple T-Bills today, and was worried I was doing the opposite. Gambling my BTC/ETH for 'shitnotes'.
Great attempt, but it is clearly reading 2K dollars. There are no shitcoins involved in that transaction.