Mara Holdings raises 950 million USD to buy more Bitcoin and repurchase debt

MARA Holdings raised 950 million USD via zero-interest convertible notes primarily for Bitcoin acquisition and general corporate use.

The offering was increased from an original target of 850 million USD due to strong institutional interest, reflecting heightened demand.

With the anticipated purchase of more Bitcoin, MARA aims to reinforce its status as the second-largest corporate holder of Bitcoin, currently possessing around 50,000 BTC.