MARA Holdings, Inc. Completes $850 Million Offering of Zero-Coupon Convertible Senior Notes due 2031
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MARA Holdings, Inc. has completed an $850 million offering of zero-coupon convertible senior notes due 2031. The proceeds will be used to acquire bitcoin and repurchase existing convertible notes due 2026.
December 04, 2024 | 10:15 pm
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MARA Holdings completed an $850 million offering of zero-coupon convertible senior notes due 2031. The funds will be used to acquire bitcoin and repurchase existing notes due 2026.
The successful completion of the $850 million 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 short-term impact on its stock price.
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