ChainCatcher News, Bitcoin mining company MARA announced an increase in the total principal amount of its 0.00% convertible senior notes due in 2031 to $850 million (initially announced as $700 million).

MARA also granted the initial purchasers of the notes an option to purchase up to $150 million in total principal amount of the notes within 13 days from the initial issuance date. 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.