CandleFocus MARA Stock News: Wall Street Bitcoin Miner Raises $850M in Zero-Coupon Notes for BTC Push
2024-12-05
Author: Content Editor
MARA Holdings, the largest Wall Street Bitcoin miner by market cap, has completed an $850 million offering of zero-coupon convertible senior notes. The company plans to use the proceeds to acquire Bitcoin and repurchase existing convertible notes. The notes have distinctive terms, including zero interest and the ability for holders to convert them into cash or MARA common stock. The offering is one of the largest in the digital asset sector this year. MARA also announced a separate agreement to acquire a wind farm in Texas as part of its initiative to leverage sustainable resources and reduce Bitcoin production costs.
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