$MARA Holdings Announces $700M Convertible Notes Offering to Acquire More Bitcoin

Nov 18, 2024, 12:40 PM

Mara Holdings, Inc. ($MARA), a publicly traded Bitcoin mining company, announced a proposed private offering of $700 million in convertible senior notes due 2030. The company plans to use the majority of the proceeds to acquire more Bitcoin (BTC) and refinance existing convertible notes. This move aligns with the strategy adopted by MicroStrategy, aiming to significantly boost its Bitcoin holdings.