MARA’s Bold $950M Play: Why Doubling Down on Bitcoin and Crushing Debt Could Shake the Crypto World Faster Than You Think
MARA Holdings announced Monday that the company had completed a $950 million offering of zero-interest convertible senior notes. The proceeds will be used primarily to acquire Bitcoin and support general corporate activities.
MARA Completes Upsized $950 Million Offering of 0.00% Convertible Senior Notes due 2032 https://t.co/QzQhbkDRlH
— MARA (@MARA) July 28, 2025
The deal was upsized from an initial target of $850 million, reflecting strong demand from institutional investors. MARA also granted initial purchasers a 13-day option to buy up to an additional $200 million in notes.
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