{"id":16033,"date":"2024-08-12T16:38:00","date_gmt":"2024-08-12T13:38:00","guid":{"rendered":"https:\/\/forklog.com\/en\/mara-to-raise-250-million-for-bitcoin-acquisition\/"},"modified":"2024-08-12T16:38:00","modified_gmt":"2024-08-12T13:38:00","slug":"mara-to-raise-250-million-for-bitcoin-acquisition","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/mara-to-raise-250-million-for-bitcoin-acquisition\/","title":{"rendered":"MARA to Raise $250 Million for Bitcoin Acquisition"},"content":{"rendered":"<p>MARA, formerly known as Marathon Digital, plans to issue $250 million in convertible bonds. The funds will be used to acquire digital gold as part of a &#8220;full hodl&#8221; strategy concerning bitcoin reserves and for general corporate purposes.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">MARA Announces Proposed Private Offering of $250 Million of Convertible Senior Notes <a href=\"https:\/\/t.co\/oYRaAHvHbU\">https:\/\/t.co\/oYRaAHvHbU<\/a><\/p>\n<p>\u2014 MARA (@MarathonDH) <a href=\"https:\/\/twitter.com\/MarathonDH\/status\/1822953662181789894?ref_src=twsrc%5Etfw\">August 12, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The senior unsecured securities, maturing in 2031, are intended for qualified institutional investors through a private offering.<\/p>\n<p>Buyers will also be offered an option to purchase additional bonds worth $37.5 million.<\/p>\n<p>In July, MARA increased its holdings of the leading cryptocurrency <a href=\"https:\/\/ir.mara.com\/investors\/news-events\/press-releases\/detail\/1365\/mara-announces-bitcoin-production-and-mining-operation-updates-for-july-2024\">by 2282 BTC<\/a>, reaching a total of 20,818 BTC ($1.14 billion). Production for the last reported month amounted to 692 BTC.<\/p>\n<p>On July 25, the company added $100 million worth of bitcoin to its balance sheet. MARA CEO Fred Thiel expressed commitment to the &#8220;full hodl&#8221; strategy.<\/p>\n<p>This approach involves retaining mined coins with further purchases of digital gold. The latter will be financed through cash and capital raising.<\/p>\n<p>MARA began investing in the leading cryptocurrency in January 2021, starting with $150 million.<\/p>\n<p>Earlier, Bernstein noted favorable prospects for the shares of Marathon, Riot, and CleanSpark, which are poised to increase their share in the bitcoin mining market, partly through capital raising.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MARA, formerly known as Marathon Digital, plans to issue $250 million in convertible bonds. The funds will be used to acquire digital gold as part of a &#8220;full hodl&#8221; strategy concerning bitcoin reserves and for general corporate purposes. MARA Announces Proposed Private Offering of $250 Million of Convertible Senior Notes https:\/\/t.co\/oYRaAHvHbU \u2014 MARA (@MarathonDH) August [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16032,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1538,1185],"class_list":["post-16033","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-purchase","tag-marathon-digital-holdings"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/16033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=16033"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/16033\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/16032"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=16033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=16033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=16033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}