• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

MARA Holdings to Boost Bitcoin Reserves with Bond Issuance

user avatar

by Giorgi Kostiuk

a year ago

MARA Holdings plans to issue $700 million in convertible bonds to enhance its position in Bitcoin investment.

How Will the Funds Be Utilized?

The company plans to allocate $200 million to buy back existing bonds due in 2026. The remaining funds will be directed toward Bitcoin acquisition, expansion efforts, strategic purchases, and debt settlements.

MARA's Strategy

MARA aims to follow the debt-driven strategies used by firms like MicroStrategy and Japan's Metaplanet to increase Bitcoin reserves ahead of the halving event, enhancing its competitive edge.

MARA’s Financial Maneuvers

MARA holds the largest amount of Bitcoin among publicly traded mining companies, further cementing its leadership in Bitcoin investment. The bond issuance is aimed at strengthening the company's role in digital currency and supporting its growth.

MARA Holdings' bond issuance strategy is aimed at strengthening the company's financial stability and maintaining its leading position in Bitcoin investment.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Hyundai Group Offices Evacuated Following Bomb Threat Email

chest

Hyundai Group's offices in Seoul were evacuated after receiving a bomb threat email demanding a ransom of 13 Bitcoin.

user avatarMohamed Farouk

White House Aims for Data-Driven Federal Reserve Chair Nominee

chest

The White House is focusing on economic policies and core inflation data as it seeks a nominee for the Federal Reserve chair position.

user avatarElias Mukuru

Bybit Resumes Operations in the UK Market

chest

Bybit has announced the resumption of its services in the UK, including spot trading on various currency pairs.

user avatarKaterina Papadopoulou

Indian Regulators Approve Coinbase's Investment in CoinDCX

chest

The Competition Commission of India approved Coinbase's minority stake acquisition in CoinDCX, following the exchange's recovery from a significant security breach.

user avatarLeo van der Veen

Annual Cryptocurrency Theft Exceeds $34 Billion

chest

Blockchain intelligence firm Chainalysis reported that cryptocurrency theft totaled over $34 billion from January through early December 2023.

user avatarEmily Carter

Coinbase Challenges State Prediction Market Restrictions

chest

Coinbase has filed federal lawsuits in multiple states challenging restrictions on prediction markets.

user avatarTomas Novak

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.