#MARA Miner Raises Nearly $1B To Boost $BTC Buying Power


$BTC miner MARA has closed an upsized $950 million private offering to purchase more $BTC.


The company originally planned to raise $850 million but increased the amount due to strong institutional demand.


MARA used zero-percent convertible senior notes due in 2032 to fund the $BTC acquisition strategy.


The Florida-based firm currently holds 50,000 $BTC worth $5.8 billion, making it the second-largest corporate

holder.


Only #Strategy holds more $BTC than MARA among publicly traded companies.


The miner has adopted a "HODL strategy" and claims it never wants to sell newly minted coins.


MARA stock dropped nearly 1% on Monday and has fallen 16% over the past year despite the #treasury expansion.

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July 29, 2025 at 12:51 PM
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