🔨 The largest U.S. mining company, MARA (formerly Marathon Digital), is issuing $700M in bonds maturing in 2030, targeting institutional investors. Up to $200M will repurchase previous bonds, with the rest used to acquire Bitcoin, fund operations, and pay off debts.
💵 #MARA previously raised $750M in November 2021 during the last crypto market peak and used a $300M bond issue earlier this year to buy over 4,000 BTC. As of October 31, MARA holds 27,000 BTC (~$2.44B), solidifying its position as the second-largest corporate Bitcoin holder after MicroStrategy.
