News list for " conversion ticket"
Bitcoin miner MARA raised $1.925 billion through convertible notes in November and December. Using the proceeds from its zero-coupon convertible note offering, MARA acquired 15,574 bitcoins at approximately $98,529 per bitcoin, valued at approximately $1.53 billion, and repurchased the total principal of the existing convertible notes maturing in 2026 for approximately $263 million, and expects to use the remaining proceeds to buy more bitcoins. MARA's BTC yield is 22.5% for QTD and 60.9% for YT...
Bitcoin miner MARA completes the $1 billion convertible note financing, which includes a $150 million note issued under a purchase option granted to the initial purchaser under the purchase agreement, with a purchase option term of 13 days from the date of the initial issuance of the note, the original purchaser is fully exercised on November 19, 2024, and the additional purchase is completed on November 20, 2024.
Bitcoin miner Terawulf is proposing to raise $350 million through a private issue of convertible notes, which would also give initial purchasers of the notes an option to add $75 million within 13 days of its issuance. The company has not finalized pricing and interest rates for the offering, but said the notes will mature in 2030. Terawulf intends to use the proceeds from the offering for general corporate purposes and to repurchase its outstanding common stock by December 2025 for up to $200 m...
Bitcoin miner Marathon Digital recently sold $300 million of convertible notes to buy 4,144 bitcoins, mirroring MicroStrategy's strategy, a move that reflects the mining industry's woes: Mining profits have plummeted and miners have had to find other ways to stay afloat. Marathon recently posted on X that instead of buying more mining equipment, "consider...
Bitcoin miner Marathon Digital recently sold $300 million of convertible notes to buy 4,144 bitcoins, following the strategy of MicroStrategy, whose executive chairperson Michael Saylor borrowed money to buy bitcoin on a large scale, making his company one of the largest bitcoin holders in the world.
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