According to news on December 3, Bitcoin mining company MARA announced that the total principal amount of its 0.00% convertible senior notes due in 2031 has been increased to US$850 million (originally announced as US$700 million). MARA also grants the initial purchasers of the notes an option to purchase up to an additional $150 million in the aggregate principal amount of the notes within 13 days of the date of initial issuance of the notes. Net proceeds will be used to purchase more 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.