CandleFocus

MARA Holdings upsizes note offering to $850 million to buy more Bitcoin

MARA Holdings, the largest publicly traded Bitcoin miner on Wall Street, has increased its convertible senior notes offering to $850 million. The company plans to use part of the proceeds for future Bitcoin acquisitions, with the majority of the funds going towards buying more Bitcoin. MARA recently acquired 703 Bitcoin in November and currently holds 34,794 Bitcoin, making it the second-largest corporate Bitcoin holder behind MicroStrategy.

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