MARA Holdings Plans $850M Convertible Note Offering to Fuel Bitcoin Buys, Repay Debt

-0.09% Pre

-0.62%

-0.24%

+0.23%

MARA Holdings MARA	10.69 10.78	-0.09% +0.84% Pre
Dow Jones Industrial Average DJI	48114.26	-0.62%
S&P 500 index SPX	6800.26	-0.24%
NASDAQ IXIC	23111.46	+0.23%

Bitcoin miner MARA Holdings (MARA) said it plans to raise $850 million through a private sale of 0% convertible senior notes due in 2032.

The deal, aimed exclusively at qualified institutional buyers, includes an option for initial buyers to purchase an additional $150 million of the notes, potentially bringing the total raise to $1 billion, according to a filing with the U.S. Securities and Exchange Commission (SEC) on Wednesday.

The notes won’t pay regular interest and are convertible into cash, shares of MARA stock, or a mix of both, depending on buyer

More This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.