---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-047078"
form_type: "8-K"
ticker: "MARA"
cik: "0001507605"
company_name: "MARA Holdings, Inc."
filed_at: "2024-11-21T23:59:59+00:00"
generated_at: "2026-05-29T20:39:26.141870+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# MARA closes $1B 0% convertible note offering due 2030; net proceeds ~$980M for bitcoin buys and debt repurchase

## Summary
- $1B aggregate principal of 0% convertible senior notes due 2030 sold, including $150M from full greenshoe exercise.
- Initial conversion price ~$25.91 per share, a ~42.5% premium over the $18.18 reference price.
- Net proceeds ~$980M; ~$199M to repurchase $212M of existing 2026 convertible notes, remainder for bitcoin and corporate use.
- Notes unsecured, mature March 1, 2030; redeemable after March 5, 2028 if stock trades at 130% of conversion price.
- Holders can require repurchase on Dec 1, 2027 or upon fundamental change at 100% principal.

## SEC filing metadata
- accession: 0001493152-24-047078
- form_type: 8-K
- ticker: MARA
- cik: 0001507605
- company_name: MARA Holdings, Inc.
- filed_at: 2024-11-21T23:59:59+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/1507605/000149315224047078/0001493152-24-047078-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1507605/000149315224047078/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-047078
- JSON: https://secwatch.observer/filing/0001493152-24-047078.json
- Plain text: https://secwatch.observer/filing/0001493152-24-047078.txt

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