Largest bitcoin miner MARA plans $850 million convertible note offering to buy BTC and restructure debt
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最新报道：MARA Holdings Inc., the largest Bitcoin miner by holdings, announced plans to sell $850 million in zero-coupon convertible senior notes due 2032, with proceeds partially allocated for additional BTC purchases. The unsecured notes, which include a $150 million option for initial purchasers, mature in 2032 but can be redeemed early under specific conditions. Conversion terms allow cash, stock, or a mix, with pricing based on volume-weighted averages. MARA will use up to $50 million to retire 2026 notes and implement capped-call transactions to mitigate dilution. The move follows MARA’s recent $20 million investment in lender Two Prime and expansion of BTC holdings to 50,000 without sales. The financing aligns with corporate trends, as firms like MicroStrategy continue raising capital for crypto acquisitions.
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