---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-046663"
form_type: "8-K"
ticker: "MARA"
cik: "0001507605"
company_name: "MARA Holdings, Inc."
filed_at: "2024-11-19T23:59:59+00:00"
generated_at: "2026-05-29T22:28:34.936187+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# MARA upsizes convertible notes offering to $850M zero-coupon due 2030; proceeds for bitcoin and debt repurchase

## Summary
- Offers $850M zero-coupon convertible notes due 2030, upsized from $700M; initial conversion price ~$25.91 per share.
- Net proceeds estimated at ~$833M ($980M if greenshoe fully exercised); closing expected Nov 20, 2024.
- Approximately $199M of net proceeds used to repurchase $212M of existing 2026 convertible notes.
- Remainder used to acquire additional bitcoin and for general corporate purposes.
- Initial purchasers granted 13-day option to buy up to additional $150M in notes.

## SEC filing metadata
- accession: 0001493152-24-046663
- form_type: 8-K
- ticker: MARA
- cik: 0001507605
- company_name: MARA Holdings, Inc.
- filed_at: 2024-11-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1507605/000149315224046663/0001493152-24-046663-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1507605/000149315224046663/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-046663
- JSON: https://secwatch.observer/filing/0001493152-24-046663.json
- Plain text: https://secwatch.observer/filing/0001493152-24-046663.txt

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