🚀 Big news in the crypto world! MARA Holdings has boosted its convertible note offering from $700 million to $850 million. This move is set to close on November 20 and targets qualified institutional buyers.

- The notes, maturing in 2030, offer flexibility with conversion into cash, stock, or both.

- With an initial conversion price of $25.91, this is a 42.5% premium over MARA's current stock price of $18.18.

- MARA plans to use the $833 million proceeds to buy more bitcoin, repay existing notes, and expand assets.

Join the conversation! What are your thoughts on MARA's bold bitcoin strategy? 💬