#MARA Stock Falls 10% After Announcing $850 Million $BTC Purchase Plan


$BTC mining giant MARA Holdings has revealed plans to raise $850 million through private convertible notes to purchase more $BTC for its treasury.


The company will sell 0% senior convertible notes due 2032 to institutional investors as part of its continued accumulation strategy.


MARA currently holds 50,000 $BTC worth $5.9 billion, making it the second-largest corporate #Bitcoin holder after MicroStrategy.


The miner follows a "HODL strategy" of never selling newly minted $BTC, instead raising external capital to cover operational costs and expand holdings.


MARA stock dropped over 10% to $17.80 following the announcement, though shares remain up 25% over the past month.


The Fort Lauderdale-based firm believes long-term $BTC appreciation will deliver superior returns for shareholders compared to traditional treasury management.

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July 24, 2025 at 12:25 AM
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