MARA Holdings Secures $950 Million Convertible Notes to Expand Bitcoin Holdings and Corporate Growth

MARA Holdings has completed a $950 million offering of 0.00% convertible senior notes due in 2032 to support its Bitcoin acquisition strategy and fund corporate expansion. Following net proceeds of approximately $940.5 million, MARA has begun repurchasing existing notes and engaging in capped call transactions to manage potential dilution. The majority of raised capital will be dedicated to increasing Bitcoin reserves, scaling mining operations, strategic acquisitions, and operational growth. This financing approach underscores a growing trend among crypto infrastructure firms to leverage interest-free convertible debt to boost balance sheets and mining capacity while carefully balancing conversion and market risks. Continue to read MARA Holdings Secures $950 Million Convertible Notes to Expand Bitcoin Holdings and Corporate Growth