On December 3, news came that Bitcoin mining company MARA announced its total principal amount of 0.00% convertible preferred notes maturing in 2031 has been increased to $850 million (originally announced as $700 million). MARA also granted 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, existing asset expansion, and repayment of additional debt and other outstanding obligations.