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Benzinga
Benzinga
Business
Rishabh Mishra

Bitcoin Miner MARA Holdings Raises $850M In 0% Convertible Notes, Offering A 40% Premium Over Current Share Price

MARA Bitcoin MARA Holdings Inc Michael Saylor Compass Point MSTR

Bitcoin miner MARA Holdings Inc (NASDAQ:MARA) recently completed its $850 million offering of 0% convertible senior notes due 2031. This happened soon after it completed a $1 billion offering of 0% convertible senior notes due 2030 in November.

What Happened: The sale of the notes was completed in two days as the initial purchasers flocked and exercised the purchase of the initial and the additional principal by Dec. 4, after the offering was announced on Monday, Dec. 2.

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