crypto 353

07/23 18:48

Largest Public Bitcoin Miner MARA Holdings To Rais

Largest Public Bitcoin Miner MARA Holdings To Raise $850M for BTC

MARA Holdings is planing to raise $850 million via convertible senior notes to continue its Bitcoin accumulation.

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Highlights

MARA Holdings is raising $850 million to accumulate more Bitcoin.

The firm currently holds 50,000 BTC, second only to MicroStrategy.

The MARA stock price dipped despite this significant development.

MARA Holdings, the world’s largest public Bitcoin miner, has announced plans to continue its aggressive BTC accumulation with massive funding. Earlier today, the digital energy and infrastructure company revealed plans for an $850 million raise through a private offering of zero-coupon convertible senior notes due in 2032.

MARA Holdings Raises $850M to Accumulate Bitcoin

In a recent press release, MARA Holdings drew the Bitcoin enthusiasts’ attention to the company’s latest $850 million BTC deal. The BTC miner intends to raise this huge amount through a private placement of zero-coupon convertible senior notes.

As per a SEC filing on Wednesday, the offering is open only to qualified institutional buyers and allows initial purchasers to buy an additional $150 million in notes, potentially increasing the total fundraising to $1 billion. $50 million of the proceeds will go towards repurchasing a portion of the company’s 2026 convertible notes. The rest of the funds will be allocated towards buying back debt, capped call transactions, accumulating Bitcoin, and general corporate purposes. The firm stated,

MARA also expects to grant to the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $150 million aggregate principal amount of the notes. The offering is subject to market and other conditions, and there can be no assurance as to whether, when or on what terms the offering may be completed.

Despite this significant development, the MARA Holdings stock (MARA) price dipped by a notable 5.79%. However, with a premarket price of $18.73 and a closing price of $19.88, the stock price has seen notable surges of 5% and 38% over the past five days and 30 days, respectively.Screenshot-2025-07-23-185421.webp

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