CoinVoice has recently learned that Bitcoin mining company MARA has announced an increase in the total principal amount of its 0.00% convertible senior notes due 2031 to $850 million (initially announced as $700 million).
MARA also grants the initial purchasers of the notes the option to purchase up to $150 million in total principal amount of the notes within 13 days from the date of the first issuance of the notes. The net proceeds will be used to purchase more Bitcoin and for general corporate purposes, which may include working capital, strategic acquisitions, expansion of existing assets, and repayment of additional debt and other outstanding obligations. [Original link]
