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Mining firm MARA Holdings, formerly Marathon Digital, announced plans to offer $700 million in 0.00% convertible senior notes due 2030 to qualified institutional buyers.MARA plans to use up to $50 million from the note sale to buy back part of its 2026 convertible notes through private deals.
The company expects the notes to be issued with no interest, except in rare cases where special interest may apply, and the principal amount is expected to remain unchanged. The notes, maturing in 2030, are convertible into cash, equity, or a combination of the two. This strategy helps MARA improve its balance sheet by replacing short-term obligations with long-term debt while continuing its investment in digital assets.6,474 BTC from its $1 billion convertible note offering at 0% interest.
This strategy aligns with MicroStrategy’s approach of issuing corporate debt to increase BTC holdings, a growing trend among businesses.on the United States policymakers to take the lead in Bitcoin mining, positioning the asset as crucial for national security and financial sovereignty. The mining company stressed Bitcoin’s finite supply, decentralization, and cross-border transferability, comparing it to gold as a store of value.
The firm recommended the US to develop domestic Bitcoin mining infrastructure, prioritize renewable energy adoption, and reduce reliance on foreign ASIC chips. This strategic shift could strengthen the economy, boost energy grids, and create high-tech jobs.What Is Sui Network : The Ultimate Guide in 2024One Weekly Email Can Change Your Crypto Life.Disclaimer: Information found on CryptoPotato is those of writers quoted.
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