Bitcoin

Million

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/mara-holdings-aims-to-issue-700-million-in-convertible-senior-bonds/" data-wpel-link="internal" rel="noopener noreferrer nofollow">MARA Holdings Aims to Issue $700 Million in Convertible Senior Bonds</a><br></p>
<p style="text-align: justify">MARA Holdings targets the issuance of a total of $700 million in convertible senior bonds maturing in 2030. This offering will be available exclusively to qualified institutional buyers and includes an additional bond purchase option of $105 million.</p>
<h2 id="company-plans-to-acquire-bitcoin">Company Plans to Acquire Bitcoin</h2>
<p style="text-align: justify">The company intends to allocate $200 million of the raised funds to repurchase its existing convertible bonds due in 2026. The remaining funds will be utilized for Bitcoin accumulation, company expansion, strategic acquisitions, and debt repayments.</p>
<p style="text-align: justify">Bitcoin mining is becoming increasingly profitable. Miners strategically pause operations or sell assets to optimize profitability in each cycle. Companies like MARA, which are expanding operations before halving, are now striving to maximize gains from the current bull season by increasing their reserves.</p>
<h2 id="mara-s-strategic-approach">MARA’s Strategic Approach</h2>
<p style="text-align: justify">This offering aligns with the debt-based Bitcoin acquisition strategies of MicroStrategy and the Japan-based Metaplanet. Metaplanet’s similar strategy of accumulating Bitcoin has significantly increased its BTC revenue, nearly doubling the company’s value year-over-year.</p>
<p style="text-align: justify">According to Bitcoin Treasuries, Marathon Digital is currently the largest Bitcoin investor among publicly traded mining companies, holding 27,562 BTC. This positions the firm as a leading Bitcoin investor in the sector.</p>
<p style="text-align: justify">Convertible bonds can be converted to cash or stock at MARA’s discretion. Interest payments will be made semi-annually; however, all details have yet to be finalized.</p>
<p style="text-align: justify">MARA Holdings’ plan to issue convertible bonds aims to support its goals of increasing Bitcoin accumulation and growth. This strategy follows in the footsteps of other successful companies employing similar methods. For investors, this move presents potential to strengthen the company’s financial health and market position.</p>
<p>The post <a href="https://en.coin-turk.com/mara-holdings-aims-to-issue-700-million-in-convertible-senior-bonds/" data-wpel-link="internal" rel="noopener noreferrer nofollow">MARA Holdings Aims to Issue $700 Million in Convertible Senior Bonds</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

MARA Holdings Aims to Issue $700 Million in Convertible Senior Bonds

Table of Contents

COINTURK NEWS

Other articles published on Nov 18, 2024

XRP Futures Open Interest Hits ATH as XRP Price Pumps by Almost 100% in the Last 7 Days

XRP loses momentum and dips 14% after record multi-year high – Is the top in?

Analysis Company Says “A Short-Term Correction May Come in Bitcoin, But the Bull Is Not Over”, An...

XRP Could Explode If It Breaks 2021 High, Expert Predicts

30 University of Ibadan students undergo Infinix/UNESCO AI training, to become peer trainers

Delhi Police Files Chargesheet in Court for WazirX Hack, Liminal to be Probed

Join our free newsletter for daily crypto updates!