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MARA plans to issue zero-coupon convertible senior notes to raise $700 million to purchase BTC
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2024-12-02 20:03 8,491
Golden Finance reported that according to official news, Nasdaq-listed Bitcoin mining company MARA announced that it plans to issue zero-coupon convertible senior notes to raise US$700 million. The proceeds will be mainly used to purchase Bitcoin and repurchase cash due in 2026. There are convertible notes. Additionally, MARA expects to use up to $50 million of the net proceeds from the sale of the notes to repurchase a portion of its existing convertible notes due 2026 in privately negotiated transactions, with the remaining net proceeds to be used to purchase additional Bitcoin and For general corporate purposes, which may include working capital, strategic acquisitions, expansion of existing assets and repayment of additional debt and other outstanding debt.
Keywords: Bitcoin
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