{"id":163716,"date":"2025-07-23T21:30:30","date_gmt":"2025-07-23T18:30:30","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=163716"},"modified":"2025-07-23T20:41:07","modified_gmt":"2025-07-23T17:41:07","slug":"biggest-bitcoin-miner-will-raise-850m-to-buy-bitcoin","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/biggest-bitcoin-miner-will-raise-850m-to-buy-bitcoin\/","title":{"rendered":"Biggest Bitcoin Miner Will Raise $850M To Buy Bitcoin"},"content":{"rendered":"

The notes will be offered<\/a><\/strong> exclusively to qualified institutional buyers under Rule 144A of the Securities Act, with an option for an additional $150 million in oversubscription.<\/p>\n

These unsecured notes won\u2019t carry regular interest and will mature on August 1, 2032. They will be convertible into cash, MARA stock, or a combination, depending on company election. Redemption may begin as early as January 15, 2030, with certain conditions including a minimum of $75 million in notes remaining unredeemed.<\/p>\n

MARA intends to use $50 million of the proceeds to repurchase a portion of its existing 1.00% convertible notes due 2026, while the rest will fund capped call transactions, Bitcoin acquisition, and general corporate purposes such as expansion or debt reduction.<\/p>