Bitcoin Mining Stock MARA Holdings Is Moving Higher: What's Going On?

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Bitcoin Mining Stock MARA Holdings Is Moving Higher: What's Going On?

Benzinga11-19

Bitcoin BTC/USD mining stock MARA Holdings Inc MARA is trading higher Tuesday, bouncing back from a sharp selloff on Monday sparked by a $700 million offering. Here’s what you need to know. What ...

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Here’s what you need to know.\nWhat ...</p>\n\n<a href=\"https://www.benzinga.com/trading-ideas/movers/24/11/42066506/bitcoin-mining-stock-mara-holdings-is-moving-higher-whats-going-on\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://www.benzinga.com/trading-ideas/movers/24/11/42066506/bitcoin-mining-stock-mara-holdings-is-moving-higher-whats-going-on","article_id":"2484921224","we_media_id":null,"thumbnails":["https://www.benzinga.com/files/images/story/2024/11/19/Bitcoins-Quick-Recovery.jpeg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484921224","pubTimestamp":1732030163,"sourceInfo":{"source_id":"Benzinga","name":"Benzinga Cypto"},"weMediaInfo":null,"summary":"Bitcoin (CRYPTO: BTC) mining stock MARA Holdings Inc (NASDAQ:MARA) is trading higher Tuesday, bouncing back from a sharp selloff on Monday sparked by a $700 million offering.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","BK4596":"哈里斯概念","BK4023":"应用软件","BK4516":"特朗普概念","BK4595":"比特币概念","BK4547":"WSB热门概念","MARA":"MARA Holdings","BK4585":"ETF&股票定投概念","BK4594":"比特币ETF概念"},"translate_title":"比特币矿业股MARA Holdings走高：发生了什么？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MARA":1},"content_text":"Bitcoin BTC/USD mining stock MARA Holdings Inc MARA is trading higher Tuesday, bouncing back from a sharp selloff on Monday sparked by a $700 million offering. Here’s what you need to know.\nWhat Happened: MARA Holdings shares sold off on Monday, outpacing declines in peers after the company announced a proposed private offering of $700 million worth of convertible senior notes. \nLate Tuesday, MARA Holdings upsized the oversubscribed offering to $850 million worth of 0.00% convertible senior notes due 2030. The notes will be sold in a private offering to qualified institutional buyers.\nMARA Holdings also granted the initial purchasers a 13-day option to purchase up to an additional $150 million of the notes. The offering is expected to close on Nov. 20. \nMARA said it plans to use approximately $199 million of the net proceeds from the sale of the notes to repurchase $212 million in aggregate principal amount of its existing convertible notes due 2026. The company plans to use the remainder of the proceeds to acquire additional Bitcoin. \nCheck This Out: Bitcoin Buyer Spree: MicroStrategy Acquires $4.6B In BTC, Metaplanet Issues $11.4M In Bonds To Fund Purchases\nEarlier this year, MARA Holdings adopted a \"full HODL\" approach to its Bitcoin treasury policy, retaining all Bitcoin it mines and periodically making strategic open market purchases. The company said it held a total of 26,747 Bitcoin as of Sept. 30.\n\"Our 50 exahash goal for this year is firmly in sight and we expect to get there by mid-to-late December,\" the company said in a letter to shareholders last week.\n\"We believe we are on a strong growth trajectory, with no plans to slow down. We anticipate continued expansion across U.S. and international markets and have set ambitious goals to expand our portfolio of owned and operated sites.\"\nMARA Price Action: MARA Holdings shares were up 4.36% at $18.88 at the time of publication Tuesday, per Benzinga Pro.\nPhoto: Shutterstock. Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}