{"id":12476,"date":"2024-12-05T20:10:53","date_gmt":"2024-12-05T20:10:53","guid":{"rendered":"https:\/\/cryptd.in\/mara-closes-850m-convertible-note-offering-to-boost-bitcoin-holdings\/"},"modified":"2024-12-05T20:10:53","modified_gmt":"2024-12-05T20:10:53","slug":"mara-closes-850m-convertible-note-offering-to-boost-bitcoin-holdings","status":"publish","type":"post","link":"https:\/\/cryptd.in\/pt\/mara-closes-850m-convertible-note-offering-to-boost-bitcoin-holdings\/","title":{"rendered":"MARA Closes $850M Convertible Note Offering to Boost Bitcoin Holdings"},"content":{"rendered":"<p>MARA Holdings, Wall Street\u2019s largest publicly traded Bitcoin miner, has successfully closed a second $850 million offering of convertible senior notes.<\/p>\n<p>The company made the announcement on December 5 via an X post, outlining that the primary use of the proceeds will be to acquire additional Bitcoin and repurchase some of its outstanding convertible notes due in 2026.<\/p>\n<h2>MARA\u2019s Latest Convertible Notes Offering<\/h2>\n<p>In an accompanying <a href=\"https:\/\/ir.mara.com\/news-events\/press-releases\/detail\/1384\/mara-holdings-inc-completes-850-million-offering-of-zero-coupon-convertible-senior-notes-due-2031\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\">press release<\/a>, MARA confirmed that the notes will be issued with no interest, except in rare cases where special interest may apply with the principal amount expected to remain unchanged.<\/p>\n<p>The notes are set to mature in 2031 and are convertible at the company\u2019s discretion into cash, common stock shares, or a combination of both.<\/p>\n<p>The Bitcoin miner projects that the net proceeds from this offering will amount to approximately $835 million, with the potential to increase to $985 million should additional notes be fully purchased.<\/p>\n<p>The company plans to allocate roughly $48 million of these proceeds to repurchase approximately $51 million of its existing convertible notes, which are due in 2026.<\/p>\n<p>The remaining returns will be used for acquiring more Bitcoin and for general corporate purposes, including working capital, strategic acquisitions, expansion of assets, and debt repayment.<\/p>\n<h2>Previous Offerings and Purchases<\/h2>\n<p>This move follows MARA\u2019s previous $700 million zero-interest convertible senior notes <a href=\"https:\/\/cryptopotato.com\/mara-announces-700m-convertible-notes-offering-to-boost-bitcoin-holdings\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">offering<\/a> due in 2030. The company also recently acquired 703 BTC in November after earlier buying 5,771 BTC, which brought its total monthly acquisitions to 6,474 BTC.<\/p>\n<p>The <a href=\"https:\/\/cryptopotato.com\/mara-boosts-btc-holdings-to-3-3-billion-through-1b-convertible-note-offering\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">purchase<\/a> was made after a previous zero-interest convertible senior note sale that raised $1 billion. At the time, the mining company also revealed it has approximately $160 million in remaining funds, which it plans to use for future Bitcoin buys during price dips.<\/p>\n<p>As of the latest update, BitcoinTreasuries <a href=\"https:\/\/bitcointreasuries.net\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\">shows<\/a> that MARA now holds a total of 34,794 BTC, valued at approximately $3.3 billion. This positions the company as the second-largest corporate holder of the cryptocurrency, behind only MicroStrategy, which recently <a href=\"https:\/\/cryptopotato.com\/another-monday-another-buy-microstrategy-adds-15400-btc-for-1-5-billion\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">announced<\/a> a purchase of $1.5 billion worth of Bitcoin.<\/p>\n<p>The market has responded positively to the firm\u2019s latest moves. Google Finance <a href=\"https:\/\/www.google.com\/search?q=mara+google+finance&amp;oq=mara&amp;gs_lcrp=EgZjaHJvbWUqEQgAEEUYJxg7GJ0CGIAEGIoFMhEIABBFGCcYOxidAhiABBiKBTIICAEQRRgnGDsyBggCEEUYOzIGCAMQRRg5MgYIBBBFGEAyBggFEEUYPDIGCAYQRRg8MgYIBxBFGDzSAQgxNzgyajBqN6gCCLACAQ&amp;sourceid=chrome&amp;ie=UTF-8\" data-wpel-link=\"external\" target=\"_blank\">dados<\/a> shows that on December 5, the company\u2019s stock closed up 3.30%, reaching $25.96.<\/p>\n<p>Additionally, over the past month, MARA\u2019s stock price has surged by 59.85%, and its year-to-date growth stands at 13.2%.<\/p>\n<p>A publica\u00e7\u00e3o <a href=\"https:\/\/cryptopotato.com\/mara-closes-850m-convertible-note-offering-to-boost-bitcoin-holdings\/\" rel=\"nofollow\">MARA Closes $850M Convertible Note Offering to Boost Bitcoin Holdings<\/a> apareceu primeiro em <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>MARA Holdings, Wall Street\u2019s largest publicly traded Bitcoin miner, has successfully closed a second $850 million offering of convertible senior notes. The company made the announcement on December 5 via an X post, outlining that the primary use of the proceeds will be to acquire additional Bitcoin and repurchase some of its outstanding convertible notes [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":12478,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12476","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>MARA Closes $850M Convertible Note Offering to Boost Bitcoin Holdings - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/pt\/mara-closes-850m-convertible-note-offering-to-boost-bitcoin-holdings\/\" \/>\n<meta property=\"og:locale\" content=\"pt_PT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MARA Closes $850M Convertible Note Offering to Boost Bitcoin Holdings - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"MARA Holdings, Wall Street\u2019s largest publicly traded Bitcoin miner, has successfully closed a second $850 million offering of convertible senior notes. 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