MARA планирует привлечь до $850 млн и купить больше биткоинов

cryptonews.ruPublicado a 2025-07-23Actualizado a 2025-07-23

  • MARA планирует привлечь до $850 млн посредством выпуска облигаций.
  • В случае реализации опциона общий объем финансирования достигнет $1 млрд.
  • Средства направят, в том числе, на увеличение портфеля.
  • Среди публичных и приватных компаний майнер занимает четвертое место по объему первой криптовалюты под контролем.

Майнер MARA (ранее Marathon Digital) объявил о планах по выпуске облигаций на сумму до $850 млн. Привлеченные средства направят, в том числе, на расширение биткоин-портфеля компании.

Согласно релизу, речь идет о конвертируемых старших облигациях с нулевым купоном со сроком погашения в 2032 году. По таким ценным бумагам не выплачиваются дивиденды, однако они доступны инвесторам с дисконтом относительно номинальной стоимости.

MARA также намерена предложить покупателям опцион еще на $150 млн. Облигации будут погашены за фиат, обыкновенные акции класса А майнера или их комбинацию.

До $50 млн привлеченных средств компания направит на выкуп предыдущей партии ценных бумаг, со сроком погашения в 2026 году и дивидендами в 1% годовых. Остальной капитал направят на общие корпоративные цели, включая покупку биткоинов.

Напомним, MARA занимает четвертую позицию в рейтинге держателей биткоина среди публичных и приватных компаний:

Акции майнера отреагировали на новость падением, что, вероятно, обусловлено опасениями на предмет размытия долей действующих акционеров. В моменте они просели на более чем 9%:

Курс акций MARA на бирже Nasdaq. Источник: TradingView.

Идейным вдохновителем для компаний, которые используют долговые ценные бумаги для постоянной покупки биткоинов, является Strategy, крупнейший корпоративный держатель первой криптовалюты.

Вместе с тем многие эксперты считают, что такой подход продуцирует определенные риски. В частности, это ограниченная ликвидность и высокая зависимость от рыночных колебаний биткоина.

Напомним, несмотря на падение операционных показателей в июне, MARA планирует увеличить хешрейт до 75 EH/s до конца 2025 года.

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