Golden Finance reports that Bitcoin mining company MARA has completed a $1 billion convertible note financing, which includes $150 million in notes issued with a purchase option granted to the initial purchasers under the purchase agreement. The purchase option is valid for 13 days from the date of the initial issuance of the notes, with the initial purchasers fully exercising their option on November 19, 2024, and the additional purchase completed on November 20, 2024. The proceeds will be mainly used to purchase Bitcoin and to repurchase existing convertible notes maturing in 2026.