key takeaways
- Mara Holdings raised $ 950 million through zero-onion convertible notes for buying more bitcoins and corporate use.
- A portion of the fund will also be used for capped call transaction such as debt re -recurrent and financial strategies.
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Mara Holdings announced on Monday that the company completed a $ 950 million offer of zero-business convertible senior notes. Processes will be used mainly to obtain bitcoins and support general corporate activities.
2032 https://t.co/qzqhbkdrlh offers Mara $ 950 million convertible senior notes.
– Mara (@Mara) 28 July, 2025
The deal was extended with an initial target of $ 850 million, reflecting the demand for instant investors to be stronger. hit
Mara received approximately $ 940 million in net procedures, the company used more than $ 18 million to reinstall $ 19 million in convertible notes in 2026 and used $ 37 million to $ 37 million to cared call hedges to potentially weakened.
The re -evaluation processes are expected to support the main bitcoin acquisition strategy of killing, as well as with corporate purposes. These may include working capital, strategic acquisition, asset expansion, and repayment of others, the company said.
Currently Mara has around 50,000 bitcoins, which cost about $ 6 billion depending on current market prices. The anticipated purification is ready to strengthen as the second-big corporate bitcoin holder after the completion of its commodity to not offer it.
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