MARA Launches $850 Million Private Offering of Convertible Notes; Shares Down Pre-Bell-March 2024-www.financetom.com

MARA Launches $850 Million Private Offering of Convertible Notes; Shares Down Pre-Bell

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MARA Launches $850 Million Private Offering of Convertible Notes; Shares Down Pre-Bell

Jul 23, 2025 5:31 AM

08:05 AM EDT, 07/23/2025 (MT Newswires) -- MARA Holdings ( MARA ) said Wednesday it has launched a private offering of $850 million in 0% convertible senior unsecured notes due 2032 to qualified institutional buyers.

Initial purchasers have been granted a 13-day option to buy up to an additional $150 million in notes.

Proceeds will be used in part to redeem $50 million of MARA's 1% convertible senior notes due 2026, with the remaining proceeds to be allocated for capped call transactions, bitcoin acquisitions and general corporate purposes.

Shares of the company fell more than 4% in recent premarket activity Wednesday.

Price: 19.02, Change: -0.87, Percent Change: -4.38

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