Bitcoin

Billion

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/mara-holdings-raises-1-billion-through-convertible-bond-sales/" data-wpel-link="internal" rel="noopener noreferrer nofollow">MARA Holdings Raises $1 Billion Through Convertible Bond Sales</a><br></p>
<p style="text-align: justify">MARA Holdings, a Bitcoin mining company, announced that it has raised approximately $1 billion from convertible bond sales. The company indicated that a portion of the funds will be used to acquire more BTC, though it did not disclose the exact amount.</p>
<h2 id="funding-details">Funding Details</h2>
<p style="text-align: justify">MARA Holdings is reported to have netted $980 million from its convertible bond sale. This figure reflects the amount before accounting for estimated issuance costs, following discounts and commissions for initial buyers.</p>
<p style="text-align: justify">The company revealed plans to use part of the net proceeds for additional BTC purchases. Currently, MARA Holdings holds about 27,000 BTC, making it the second-largest Bitcoin reserve among publicly traded companies.</p>
<h2 id="competition-and-market-position">Competition and Market Position</h2>
<p style="text-align: justify">This move by MARA Holdings illustrates its competitive stance against MicroStrategy. MicroStrategy has recently taken steps to increase its BTC holdings by raising its private placement to $2.6 billion.</p>
<p style="text-align: justify">MARA Holdings has also disclosed plans to raise an additional $700 million through convertible bonds maturing in 2030. This financial strategy aims to strengthen its presence in the Bitcoin market and solidify its market position.</p>
<p style="text-align: justify">The funds raised by MARA Holdings are intended to expand its Bitcoin portfolio and enhance mining operations.</p>
<p>The post <a href="https://en.coin-turk.com/mara-holdings-raises-1-billion-through-convertible-bond-sales/" data-wpel-link="internal" rel="noopener noreferrer nofollow">MARA Holdings Raises $1 Billion Through Convertible Bond Sales</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 Raises $1 Billion Through Convertible Bond Sales

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