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Benzinga
Benzinga
Business
Henry Khederian

MARA Holdings Stock Slips On $1 Billion Note Offering, Analyst Upgrade Offers Support

MARA MARA Holdings MARA Holdings Inc Bitcoin Marathon Mining
July,23,,2022,,Brazil.,In,This,Photo,Illustration,The,Marathon

Shares of MARA Holdings Inc (NASDAQ:MARA) are trading lower Friday, falling nearly 3% after the Bitcoin (CRYPTO: BTC) mining giant this week announced a significant capital raise.

What To Know: The company revealed plans for a private offering of $850 million in 0.00% convertible senior notes due 2032, with an option for institutional buyers to purchase an additional $150 million.

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