MARA Wraps $950M Notes Offering for Bitcoin and Expansion
Description
Key Takeaways: MARA’s $950M notes offering shows a growing reliance on convertible debt among crypto infrastructure firms. Access to capital markets is becoming a competitive advantage for miners seeking to expand their hashrate and accumulate Bitcoin. Institutional Bitcoin demand, amplified by ETF inflows, is influencing how miners allocate proceeds from large-scale fundraising. MARA Holdings has closed its upsized $950 million offering of 0.00% convertible senior notes due 2032 for Bitcoin and...
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