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Benzinga
Benzinga
Business
Rishabh Mishra

MARA Targets BTC And Debt Buybacks With New $700M Convertible Notes Offering: MSTR's Michael Saylor Says It Is 'A Company On The Bitcoin Standard'

MARA Michael Saylor Bitcoin MARA Holdings Inc Nasdaq Compass Point

MARA Holdings Inc (NASDAQ:MARA) has announced another private offering of $700 million of zero-coupon convertible senior notes due 2031 after completing a $1 billion offering of 0% convertible senior notes due 2030 in November.

What Happened: The notes will be offered to qualified institutional buyers with 0% interest and no accretion of principal, as per the company’s press release. The interest rate, initial conversion rate, and other terms of the notes will be determined at the time of pricing of the offering.

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