Mara Holdings, one of the largest listed cryptography operating companies, said it intended to offer up to $ 1 billion in convertible head tickets, with part of the Bitcoin purchases.
According to an announcement on Wednesday, $ 850 million in tickets will be offered to qualified institutional buyers due in 2032. The company will also grant buyers an option to buy an additional $ 150 million in principle, bringing the total potential to $ 1 billion.
Up to $ 50 million in the product should be spent to buy part of its convertible first -class tickets of 1.00% existing in 2026.
Tickets will be higher guarantees of Mara and will not be of interest. However, the offer is “subject to market conditions and others”, without guarantee that the agreement will end or under what conditions.
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Bitcoin remains basic cash strategy
The announcement follows the recent completion by Mara Holdings of a minority acquisition of Two Prime – an institutional investment advisor managing $ 1.75 billion in assets – in an agreement that considerably increases the amount of bitcoin that two bonuses manages in the name of Mara.
In early June, reports revealed that the company increased its BTC production by 35% in May despite increasing mining difficulties and an increase in the hashrate.
At the end of May, reports also revealed that the annualized mining income of Mara Holding had exceeded $ 752 million. This marked a new record of all time in Bitcoin extraction income for the company.
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According to Bitcoin Treasures data, Mara Holdings keeps 50,000 BTC in her corporate chests from the publication time. This makes the company the second holder of corporate bitcoin after the best Bitcoin cash company in the world, Strategy, with its 607,000 BTC.
The announcement also followed at the end of March that Mara Holdings seeks to sell up to $ 2 billion in shares to buy more bitcoin as part of a plan similar to that of Strategy. The company said in a regulatory file that it had agreed with the main institutional investors so that they could sell up to $ 2 billion in its “time” shares.
“We are currently intended to use the net product of this offer for general companies, including the acquisition of Bitcoin and the working capital,” added Mara.
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