MARA Holdings to Raise $805 Million to Buy Bitcoin, Pay Off Debt
$BTC
Event: MARA Holdings, a major company in the digital assets and blockchain computing sector, announced its plan to raise $805 million through the issuance of convertible bonds due in 2031.

Objectives: The company aims to use the funds to boost its Bitcoin holdings, as it currently owns 34,794 Bitcoins valued at $3.3 billion. It will also allocate a portion of the funds to pay off existing debt, including $199 million in bonds due in 2026.
Details of the bonds: The bonds will be unsecured and will not bear interest. They can be converted into cash, common stock of the company, or a combination of the two.
Market Impacts: This announcement comes amid a positive atmosphere in the cryptocurrency market, driven by the victory of a US administration that supports cryptocurrencies, which increases institutional appetite for investment in this sector.
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Sources 📍📰📍
Cryptonews.com
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