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...