MARA Holdings, Inc. Announces Proposed Private Offering of $700 Million of Convertible Senior Notes
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MARA Holdings, Inc. plans a private offering of $700 million in convertible senior notes. The funds will be used to acquire bitcoin, repurchase existing notes due 2026, and for general corporate purposes.
November 18, 2024 | 12:15 pm
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MARA Holdings, Inc. is issuing $700 million in convertible senior notes. The proceeds will be used to acquire bitcoin, repurchase existing notes, and for general corporate purposes.
The issuance of convertible notes suggests MARA is raising capital to invest in bitcoin and manage debt, which could be seen positively by investors anticipating growth in bitcoin value. This strategic move may enhance MARA's financial position and market perception.
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