Bitcoin mining company MARA completes $1 billion convertible note financing, which includes $150 million notes issued with purchase options granted to initial purchasers under the purchase agreement, with the purchase option period being 13 days from the initial issuance of the notes. The initial purchasers fully exercised on November 19, 2024, and additional purchases were completed on November 20, 2024. The proceeds are primarily used for purchasing Bitcoin and repurchasing existing convertible notes maturing in 2026.