Wu learned that MARA Holdings announced the completion of a $950 million 0.00% convertible bond issuance, maturing in 2032. The bonds were privately sold to institutional investors and include an over-subscription option of up to $200 million. The company expects to use the remaining funds to purchase more Bitcoin and for general corporate purposes, including acquisition and asset expansion. This financing is also used to repurchase some of the convertible bonds maturing in 2026.

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