Summary
- Mara Holdings has announced the issuance of convertible bonds worth $850 million.
- It stated that a portion of the funds will be used for Bitcoin purchases and the repayment of convertible preferred bonds maturing in 2026.
- The bonds are unsecured senior notes and will not pay regular interest.
Bitcoin (BTC) mining company Mara Holdings (MARA) has announced the issuance of senior convertible bonds totaling $850 million.
On the 23rd (local time), Mara Holdings announced through its official channel that it plans to issue senior convertible bonds worth $850 million, maturing in 2032.
These bonds are unsecured senior notes and do not pay regular interest. Special interest for these bonds will be paid semiannually from February 1, 2026.
Mara Holdings plans to use part of the net proceeds from the sale of the bonds to repay convertible preferred bonds maturing in 2026 and for Bitcoin purchases, among other purposes.
YM Lee
20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE
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