Mining company MARA Holdings announced plans to raise up to $850 million through the issuance of convertible bonds to expand its bitcoin portfolio. The announcement, made on July 23, 2025, anticipates using these funds for the purchase of $BTC , as well as for general corporate purposes. Currently, MARA ranks fourth among public and private companies by the volume of bitcoins under control, holding significant reserves of the digital asset.
The company’s strategy reflects the trend among miners who invest in BTC to strengthen financial stability. Part of the raised funds, up to $50 million, will go towards buying back previous bonds maturing in 2026. The rest will be directed towards direct purchases of bitcoins, which may impact the market price of the cryptocurrency. MARA's shares reacted to the news with a decline, which is attributed to concerns about shareholder dilution.
This move underscores MARA's belief in the long-term potential of bitcoin, despite market volatility. The company continues to adapt to challenges such as rising global hash rates, maintaining leadership positions in the industry. Stay tuned for cryptocurrency market news and join #MiningUpdates
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