MARA Holdings, Inc. Completes $1 Billion Offering of 0% Convertible Senior Notes due 2030
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MARA Holdings, Inc. has completed a $1 billion offering of 0% convertible senior notes due 2030. The proceeds will be used to acquire bitcoin and repurchase existing convertible notes due 2026.
November 21, 2024 | 1:15 pm
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MARA Holdings, Inc. has successfully closed a $1 billion offering of 0% convertible senior notes due 2030. The company plans to use the proceeds to acquire bitcoin and repurchase existing convertible notes due 2026.
The successful completion of the $1 billion offering provides MARA with significant capital to invest in bitcoin and manage its debt by repurchasing existing notes. This strategic move could enhance MARA's financial position and growth prospects, potentially leading to a positive impact on its stock price.
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