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News Explorer — Bitcoin Miner MARA Raising $850 Million to Boost BTC Treasury

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Jul 23, 4:40 pm
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Bitcoin Miner MARA Raising $850 Million to Boost BTC Treasury

MARA, the top Bitcoin miner, plans to raise $850 million through a private sale of convertible senior notes to buy more Bitcoin. Despite the announcement, the firm's stock experienced a sharp decline in value. With 50,000 BTC on its balance sheet, MARA is the second-largest corporate holder of Bitcoin.

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