MARA Holdings To Raise $850M As It Doubles Down On Bitcoin
Main Idea
MARA Holdings plans to raise $850 million to expand its Bitcoin holdings and support other initiatives, reinforcing its position as a major institutional investor in Bitcoin.
Key Points
1. MARA Holdings is raising $850 million through a private offering, with proceeds to be used for expanding Bitcoin holdings and other initiatives.
2. An additional $150 million may be raised, with $50 million potentially allocated to buy back older debt (1% notes due 2026).
3. MARA currently holds over 50,000 BTC, making it the second-largest public company Bitcoin holder after MicroStrategy.
4. Bitcoin recently reached an all-time high of $123,000 but has since dipped to around $116,000.
5. Large institutions, including MARA, continue to invest heavily in Bitcoin, demonstrating strong long-term confidence.
Description
The post MARA Holdings To Raise $850M As It Doubles Down On Bitcoin appeared first on Coinpedia Fintech News Bitcoin miner MARA Holdings is making bold moves. According to a recent announcement, the company is all set to raise $850 million to expand its Bitcoin holdings and support other initiatives. MARA Holdings plans to raise $850 million through a private offering of zero-interest convertible notes due in 2032. These notes can later be converted into cash, MARA stock, or a mix of both. An ex...
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