MARA Holdings, the largest publicly traded Bitcoin miner, has raised $850 million to acquire more BTC. The company already owns over 50,000 BTC and aims to strengthen its position as a significant corporate holder of Bitcoin. This fundraising comes as Bitcoin prices rise, showing increased confidence in its value. The Bitcoin mining firm plans to hold all mined Bitcoin, following a “HODL” strategy.
$850M to Fuel BTC Acquisitions
MARA Holdings announced that it has completed an $850 million offering of convertible senior notes due in 2031. The net proceeds are expected to be approximately $835.1 million, primarily for the purchase of additional BTC. The Bitcoin mining company also set aside $48 million to repurchase notes due in 2026, which provides it with more financial flexibility.
This follows a previous raise of $1 billion in November 2024, during which the company purchased 15,574 BTC at $98,529 each. Now, with over 50,000 BTC valued at over $5 billion, the Bitcoin miner is making significant moves in the crypto market. This strategy of funding Bitcoin purchases has proven successful, with other companies adopting it.
In November 2024, Sylor’s Strategy, the largest corporate Bitcoin holder, raised $2.6 billion to purchase more Bitcoin. Japanese firm Metaplanet has also utilized debt to expand its Bitcoin holdings, increasing their holdings. These actions show a trend of companies leveraging capital markets to acquire Bitcoin as a reserve asset.
MARA’s Market Confidence
MARA’s fundraising aligns with its strong operations. In May 2025, it produced 950 BTC, a 35% increase from April. The company’s hashrate doubled to 75 EH/s in 2024, making it a top global miner. It’s self-operated mining pool improves efficiency and allows it to keep full block rewards.
The Bitcoin miner’s stock price rose by 3.3% after the funding announcement, reflecting investor confidence. Analysts expect MARA’s stock to reach $26-$27 in 2025, boosted by its Bitcoin holdings and energy innovations. As Bitcoin’s value rises, MARA’s bold approach positions it well for long-term success. This strategy demonstrates strong confidence in Bitcoin’s future as a corporate asset.
Meanwhile, Bitcoin dropped 1.19% in the past 24 hours, currently trading at nearly $118,000, according to CoinMarketCap. Trading volume soared to $67.37 billion, with a market cap of $2.34 trillion, reflecting strong investor confidence today.
