Mara Holdings Inc.has successfully raised $850 million through a private convertible note offering.
The capital will be used primarily to repurchase existing debt and purchase additional bitcoin, reinforcing the company’s position in the cryptocurrency market.
The $850 million convertible note issuance was completed recently as part of Mara’s strategic financial maneuver aimed at strengthening its balance sheet and expanding its bitcoin holdings. Convertible notes are a form of debt that investors can convert into equity shares under specified terms. This offering enables Mara to secure substantial funds while providing investors potential upside through future equity participation.
MARA Holdings, Inc. Announces Proposed Private Offering of $850 Million of Zero Coupon Convertible Senior Noteshttps://t.co/vsJOqj2Svj
— MARA (@MARA) July 23, 2025
Mara intends to use the proceeds for two main purposes: repurchasing some of its outstanding debt to improve financial flexibility and acquiring more bitcoin to increase the company’s digital asset reserve. Adding bitcoin to its balance sheet shows Mara’s long-term confidence in the flagship cryptocurrency as an investment.
This move comes amid increased institutional interest in bitcoin as a store of value and hedge against inflation. By leveraging debt capital markets at favourable terms, Mara aims to balance growth in its bitcoin exposure while managing its financial obligations prudently.
Mara Holdings’ decision represents a combination of active balance sheet management and commitment to expanding its crypto asset base. The company’s focus on increasing bitcoin exposure aligns with broader trends in the industry where leading crypto firms are growing their reserves to position for future market opportunities.
This funding round also highlights the growing integration of traditional finance mechanisms, like convertible notes, into the cryptocurrency ecosystem to facilitate large-scale investments and corporate scaling.
Meanwhile, Swedish health technology firm H100 Group AB has raised approximately $14.1 million through a directed share issue as it continues to ramp up its Bitcoin Treasury strategy.
The company announced that it secured around SEK 14.1 million from a select group of qualified investors, including Evan Rosenberg, Loek Schellekens, and Sebastiaan Hendrik Gerrit Jan Ribbink.
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