MARA Holdings (MARA) said Wednesday it sold $850 million of zero-coupon convertible senior notes due 2031 in a private offering to institutional investors.
The company said the net proceeds were $835.1 million, of which about $48 million will be used to repurchase existing convertible notes maturing in 2026.
The balance will be used to acquire additional bitcoin and for general corporate purposes, it said.
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