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MARA increased the issuance size of convertible preferred bonds to $850 million, and part of the proceeds will be used to purchase BTC
Foresight News, BTC mining company MARA Holdings announced the completion of the pricing of its zero-interest convertible preferred bonds due in 2030, which received oversubscription. The company has increased the issuance scale to $850 million (previously announced as $700 million), and the expected net proceeds will be used for the acquisition of BTC and the repurchase of convertible bonds due in 2026.