MARA Holdings (MARA) announced a private offering of $700 million in convertible senior notes due 2030. The notes will be offered to qualified institutional buyers and will include an option for buyers to purchase an additional $105 million in notes.

The bitcoin miner plans to use up to $200 million of the proceeds to repurchase a part of its outstanding 2026 convertible notes.

The remainder of funds will be used to accumulate bitcoin (BTC) and other general needs, such as expansion, strategic acquisitions and debt repayments.

The notes, which mature in 2030, can be converted into cash or shares based on MARA's discretion. The interest will be paid on a semi-annual basis, however the final terms of the notes are yet to be determined.

The market did not like the offering announcement with share prices falling 5% to $19.97 in pre-market trading.

MARA's plans comes close to the heels of similar announcement by Tokyo-listed Metaplanet and MicroStrategy (MSTR).

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。