MARA plans to issue $850 million in convertible bonds for potential Bitcoin purchases and other uses.



According to news from Hash Rate Chain, MARA Holdings, a Bitcoin mining company, announced plans to privately issue $850 million of zero-coupon convertible bonds, maturing in 2032. The company will decide the issuance process based on market conditions and plans to offer the initial subscribers an overallotment option of up to $150 million. The raised funds will be used for potential purchases of Bitcoin and other general corporate purposes.

$BTC #Cryptocurrency # Blockchain #Bitcoin # MARA #Investment
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