Mara Holdings Plans Up to $1 Billion Convertible Notes Offering Potentially Supporting Bitcoin Purchases
Main Idea
Mara Holdings plans a $1 billion convertible notes offering to fund Bitcoin accumulation, reinforcing its position as a leading Bitcoin miner.
Key Points
1. Mara Holdings announced a $1 billion zero-interest convertible senior notes offering due 2032, aimed at qualified institutional buyers to support Bitcoin accumulation.
2. The company plans to allocate up to $50 million to repurchase existing 1.00% convertible notes due 2026.
3. Mara Holdings holds approximately 50,000 BTC, making it the second-largest corporate Bitcoin holder.
4. The company reported a 35% resilience in mining operations and annualized mining revenue surpassing $752 million.
5. Prime, an institutional investment adviser managing $1.75 billion in assets, supports Mara’s Bitcoin portfolio management.
Description
Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! Mara Holdings is
Latest News
- Roman Storm’s Tornado Cash Trial Sees IRS Testimony Suggesting Possible Control Over Funds2025-07-23 22:29:39
- BitMEX Founder Arthur Hayes Suggests Ethereum Could Potentially Reach $10,000 This Year2025-07-23 22:29:24
- FTX Recovery Trust Sets August 15 Record Date for Potential Next Creditor Distribution2025-07-23 22:28:15
- Asymmetric Financial Considers Shifting From Liquid Trading Amid Solana-Linked Fund Challenges2025-07-23 22:15:27
- Tornado Cash Founder Roman Storm Allegedly Moved Millions Through Binance, Defense Cites Immutability2025-07-23 22:12:32