Bitcoin mining company MARA announced plans to privately issue a total of $700 million in 0.00% convertible senior notes to qualified institutional investors, maturing in 2031. 💼 Additionally, MARA is providing initial purchasers with an option to purchase an additional $105 million in notes within 13 days after the issuance.

MARA plans to use $50 million of the proceeds from this issuance to repurchase some of its existing convertible notes maturing in 2026. 💰 The remaining funds will be used to purchase more Bitcoin and for other corporate purposes. This move demonstrates the company's optimism about Bitcoin's long-term potential while optimizing its financial structure. 📈