MARA Plans Boosting Bitcoin Holding With $700 million Debt
MARA Holdings, a Bitcoin mining company, plans to offer $700 million in senior notes with a zero percent conversion rate due in 2030 to eligible institutional buyers. A further $105 million in notes may be made available to initial purchasers within 13 days of the notes’ issuance.
MARA intends to repurchase a portion of its 2026 convertible notes through private transactions using up to $50 million from the note sale. According to the official press release, the remaining funds will be used for general purposes such as working capital, strategic acquisitions, asset expansion, debt repayment, and the purchase of additional Bitcoin.
The company anticipates that the notes will be issued with no interest and that the principal amount will stay constant except in exceptional circumstances where special interest may be applicable. The notes, have a 2030 maturity date and can be converted into cash, stock, or both.
This strategy aids MARA in strengthening its balance sheet by substituting long-term debt for short-term commitments and keeping up its investment in digital assets. Less than a week has passed since MARA purchased 6,474 Bitcoin at zero percent interest from its $1 billion convertible note offering.
The company further disclosed it had purchased $200 million worth of its 2026 notes and intended to use the remaining $160 million to buy more Bitcoin at better prices when the market declines.
MARA Holdings recently positioned Bitcoin as essential for financial sovereignty and national security, urging US lawmakers to lead the way in mining the cryptocurrency. The mining company compared Bitcoin to gold as a store of value, emphasizing its limited supply, decentralization, and cross-border transferability.
MARA maintained that regulating Bitcoin’s hash rate and block space would guarantee safe transactions and stop “adversarial” countries from manipulating it. The company suggested that the US prioritize renewable energy, build on its Bitcoin mining infrastructure, and lessen its dependency on foreign ASIC chips.
ABOUT THE AUTHOR
See More
Sidebar rates
Related Posts
Save
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals