MARA Holdings, formerly known as Marathon Digital, has just announced plans to issue $700 million in zero-coupon convertible bonds, maturing in 2030, for qualified institutional investors.

- MARA intends to use $50 million from the bond sale to repurchase a portion of the convertible bonds due in 2026. The remaining funds will be used to purchase additional Bitcoin and for general purposes such as working capital, asset expansion, and debt repayment.

- This move comes after MARA purchased 6,474 BTC from a $1 billion bond issuance. The company also recommends that the U.S. develop domestic Bitcoin mining infrastructure, prioritizing renewable energy and reducing dependence on foreign ASIC chips. 🌍💡