🏬The large American mining company MARA Holdings announced plans to issue bonds worth $850 million with the possibility of an additional issuance of securities for another $150 million. The company intends to primarily use the raised funds for the purchase of Bitcoins.
📑These are convertible bonds with a maturity date in 2032. MARA, ranked fourth among public companies holding the first cryptocurrency, plans to allocate up to $50 million of the raised funds for the buyback of part of the previous issuance of securities.
💵MARA reported that it will continue to raise capital for acquiring the first cryptocurrency and will take into account the risk of high volatility of Bitcoin, which could affect financial performance.$BTC