The MARA BTC Treasury set 50 thousand coins after financing 850 million dollars star-news.press/wp
Evolution journalist
Good people
Evolution journalist
Good people
Involve
Mara Holdings, the world’s largest bitcoin mining company, has announced plans to raise $ 850 million through major convertible notes from zero due in 2032 to expand its current treasury of 44,893 BTC.
Calculate An official press releaseThe Miami -based digital energy company expects to give the first buyers an additional option of $ 150 million, which may reach the total offer to one billion dollars.
MARA will allocate up to $ 50 million in net revenue to purchase major convertible notes of 1.00 % due in 2026, with the rest to purchase bitcoin, costs of covered call transactions, and public companies’ purposes.
The convertible notes will not carry any regular interest payments and ripen on August 1, 2032, where holders of transfer rights are acquired to monetary or regular shares in MARA or a mixture according to the company’s estimate.
Expanding the strategic treasury amid the opposite winds for mining
The capital lifting is a response to profitability that escalates after the half -April, which reduced mining bonuses to half while energy and equipment costs continue to rise.
The results of the Mara QD1 2025 revealed these challenges in the industry, as the company informed a net loss of $ 533 million despite achieving 30 % revenues to 214 million dollars.
CEO Farid Thil had previously called for a hybrid approach that combines mining and strategic bitcoin purchases during the market drop to improve acquisition costs.
“As a mine worker who buys Bitcoin and buys Bitcoin, the hybrid approach provides us with great flexibility in bitcoin at attractive prices,” Thil mentioned in the company’s report in December 2024.
The MARA strategy, along with other major miners while they are changing their operations, where Core Scientific is facing getting rid of encryption assets after acquiring $ 9 billion by Coreave, while Hive Digital Center Ai Data Center is explored to complete mining revenues.
The MARA exposed observation structure includes provisions that allow the company to recover notes against cash after January 15, 2030, while holders of re -purchase reserves if the stock prices decrease without the specified transfer thresholds.
The company expects to enter the covered call transactions with the first buyers to mitigate the potential mitigation when the note is transferred, with the use of the in force in the process of convertible offers for companies.
The difference in digital treasury strategies with the acceleration of companies ’accreditation
The MARA approach, which focuses on Bitcoin, contrasts sharply with the trends emerging in diversifying the treasury between public companies that enter the area of digital assets.
More than 273 companies now keep Bitcoin on their public budgets, up from 124 companies as of June, according to Bitcointreasuries data. However, corporate strategies are increasingly deviating from the accumulation of simple bitcoin.
The Sequans Communications on the New York Stock Exchange recently bought 1,264 Bitcoin for $ 150 million, up to its total property to 2,317 BTC as part of the Bitcoin pure treasury strategy similar to the MARA approach.
Meanwhile, some bitcoin currencies have completely abandoned the capabilities of ETAREUM, where Bit Digital recently sold 280 BTC to build a wardrobe of more than 100,000 ETH, which target Stokeing.
Bit Mining has also announced plans to raise $ 200 of $ 300 million for the Solana Treasury, while other companies explore Altcoin strategies including XRP, Ada and Defi Tokens, according to Animoca Brands Research.
However, the increasing doubts surrounded the sustainability of any digital assets treasury, with Glassnode’s warning of this. “The Bitcoin Ministry’s strategy has a much shorter life than most of them expect.”
Likewise, Matthew Siegel wondered from you about the cabinet mechanics in Bitcoin, especially criticizing stock issuance programs in the market that could become diluted when stock prices approach the net value of assets in Bitcoin.
The lawsuits filed against Microstrategy were submitted to misleading investors about the profitability of encryption investments, the new uncertainty in using the cabinet for companies for digital assets.
These contradictory developments raised deep questions about whether the adoption of corporate encryption will lead to permanent financial innovation or short -term speculation.
https://cimg.co/wp-content/uploads/2025/07/23134813/1753278493-stock-image_optimized-49.jpg
2025-07-23 15:59:00
