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...
Latest News
- Top XRP Price Prediction For 20252025-07-25 12:54:30
- How Gen Z Investors Can Turn $100 in Ozak AI Into Their First $20,000 in Crypto2025-07-25 12:46:00
- This Bitcoin Rally Isn’t What You Think, But Who Is Driving It?2025-07-25 12:25:37
- Bitcoin Theory is No Longer Valid, says Crypto Expert2025-07-25 12:00:23
- U.S. TikTok Influencer Helped North Korean Workers Steal Millions via Crypto2025-07-25 11:58:58