MARA Holdings Announces Completion of $950.00M 0.00% Convertible Note Offering

$MARA Holdings announced that it has completed the issuance of $950.0 million in 0.00% convertible bonds due in 2032. The bonds were privately placed to institutional investors and have an over-allotment option of up to $200.0 million. The company expects to use the remaining proceeds to purchase more Bitcoin and for general corporate purposes, including acquisitions and asset expansion. The financing was also used to repurchase a portion of its convertible bonds due in 2026. [Wu Blockchain]