PANews December 3 - Bitcoin mining company MARA Holdings announced that it has increased the issuance scale of its zero-interest convertible preferred notes to $850 million and additionally provided $150 million in purchase options. The notes will mature in 2031, and the raised funds will mainly be used for repurchasing some existing notes maturing in 2026, as well as acquiring more Bitcoin and general corporate purposes. According to the announcement, the initial conversion price for this issuance is $34.5831 per share, which is a 40% premium over MARA's current stock price.
