๐ ๐ฎ๐ฟ๐ฎ & ๐ง๐ฟ๐๐บ๐ฝ ๐ ๐ฒ๐ฑ๐ถ๐ฎ ๐๐ฒ๐ ๐๐ถ๐ด ๐ผ๐ป ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐๐ถ๐๐ต $๐ฏ ๐๐ถ๐น๐น๐ถ๐ผ๐ป ๐ถ๐ป ๐ก๐ฒ๐ ๐ ๐ผ๐๐ฒ๐
โฌ Mara Holdings, a major Bitcoin miner, plans to raise up to $1 billion through convertible senior notes to boost its Bitcoin treasury.
The plan includes $850 million offered to institutional buyers, plus an option for another $150 million โ with notes maturing in 2032.
Mara says itโll use:
Up to $50 million to buy back part of its 2026 notes.
Funds to cover cappedโcall fees.
And to buy more Bitcoin at around $118,487 per coin.
These new notes wonโt pay interest and remain subject to market conditions before the sale is finalized.
โฌ Bitcoin remains core to Maraโs strategy
Mara says BTC is central to its longโterm growth.
The company now holds around 50,000 BTC, ranking it as the second-largest corporate holder behind Strategy, which holds 607,000 BTC.
Earlier this year, Mara also invested in Two Prime, an adviser managing $1.75 billion, to increase its Bitcoin exposure.
In June, Mara reported a 35% rise in monthly BTC production and set a record annual mining revenue of $752 million.
โฌ Trump Media joins the crypto treasury trend
At the same time, Trump Media โ parent of Truth Social โ bought about $2 billion in BTC and related assets this week.
The firm also plans to invest another $300 million in Bitcoinโlinked securities and may convert more of its options into BTC as market conditions allow.
CEO Devin Nunes said holding Bitcoin protects the company from financial discrimination and supports future plans for a utility token on Truth Social.
Shares of Trump Media rose over 7% on the news, though its stock remains down about 45% in 2025.
โ Big picture: Both Mara and Trump Media are doubling down on Bitcoin as part of their treasury strategy โ showing how corporate crypto adoption keeps growing, even in a volatile year.