Listed mining company MARA Holdings announced plans to privately issue $700 million in zero-coupon convertible preferred notes (due 2031) and $105 million in options. MARA expects to use up to $50 million of the net proceeds from the sale of the notes to repurchase its existing 2026 convertible notes, with the remaining net proceeds to be used to purchase more Bitcoin.
MARA Announces Proposed Private Offering of US$700 Million Zero Coupon Convertible Senior Notes
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