Bitcoin Miner MARA To Raise $700M Accelerating BTC Buying Plan

Quick Summary:

Leading Bitcoin miner MARA has once again caused a market frenzy, revealing plans to raise $700 million in an effort to accelerate its BTC buying plan.

Notably, the firm revealed on Monday that it intends to offer a private offering worth $700 million in 0% convertible senior notes due 2031, primarily to qualified institutional buyers.

Crypto market participants continue to keep the flagship crypto on their radars amid bullish events unfolding across the broader sector.

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Article Details

Category: Crypto

Markets: India

Topics: MARA 24/7 Cryptocurrency News Bitcoin Miner Bitcoin News Bitcoin (BTC) Price

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-02 @ 13:45:11 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 424 words

Reading Time: 3 minutes read

Sentences: 29 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 24041297

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 2 posts per day

Year Established: 2017

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News Last Updated: 18 hours ago

Coverage Areas: India

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