Bitcoin Mining Stock MARA Holdings Is Moving Higher: What’s Going On?
Posted On November 19, 2024
Bitcoin (CRYPTO: BTC) mining stock MARA Holdings Inc (NASDAQ:MARA) is trading higher Tuesday, bouncing back from a sharp selloff on Monday sparked by a $700 million offering. Here’s what you need to know.
What Happened: MARA Holdings shares sold off on Monday, outpacing declines in peers after the company announced a proposed private offering of $700 million worth of convertible senior notes.
Late Tuesday, MARA Holdings upsized the oversubscribed offering to $850 million worth of 0.00% convertible senior notes due 2030. The notes will be sold in a private offering to qualified institutional buyers.
MARA Holdings …
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