Odaily Planet Daily News, mining giant MARA Holdings, Inc. strikes again! This time, they have raised the total amount of 0.00% convertible preferred notes maturing in 2031 from $700 million to $850 million, truly a big move! 💰Initial purchasers can also choose to buy an additional $150 million in notes within 13 days. The issuance is expected to end on December 4, 2024, of course, subject to customary closing conditions.

MARA plans to use $48 million of the net proceeds to repurchase notes maturing in 2026, with the remaining funds allocated for purchasing more Bitcoin and other corporate purposes. It seems MARA is very confident about the future of Bitcoin and continues to increase its investment! 🚀