---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-032433"
form_type: "8-K"
ticker: "MARA"
cik: "0001507605"
company_name: "MARA Holdings, Inc."
filed_at: "2024-08-14T23:59:59+00:00"
generated_at: "2026-05-31T09:18:25.053342+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# MARA closes $300M convertible note offering; buys $249M in bitcoin immediately

## Summary
- $300M aggregate principal of 2.125% convertible senior notes due 2031, net proceeds ~$292.5M.
- Acquired 4,144 bitcoin for ~$249M at avg price ~$59,500 using proceeds from the offering.
- Notes convertible into common stock at initial conversion price ~$18.89/share (52.9451 shares per $1,000 principal).
- Notes are senior unsecured, mature Sept 1, 2031, redeemable by MARA after Sept 6, 2028 if stock price >=130% conversion price.
- Remaining net proceeds to be used for additional bitcoin acquisitions and general corporate purposes.

## SEC filing metadata
- accession: 0001493152-24-032433
- form_type: 8-K
- ticker: MARA
- cik: 0001507605
- company_name: MARA Holdings, Inc.
- filed_at: 2024-08-14T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1507605/000149315224032433/0001493152-24-032433-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1507605/000149315224032433/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-032433
- JSON: https://secwatch.observer/filing/0001493152-24-032433.json
- Plain text: https://secwatch.observer/filing/0001493152-24-032433.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.