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← MARA Holdings
Tue, Dec 10, 2024

MARA increases 0% convertible notes due 2031 to $925 million via option exercise

Source document ↗

Key points

  • Additional $75.0 million drawn under the initial purchasers' option (of a $150M option), bringing total principal to $925.0 million. Partially repurchased in March 2026 ($633.4M for ~$589.9M cash, funded by a 15,133 BTC sale) leaving $291.584M outstanding.