---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-048393"
form_type: "8-K"
ticker: "MARA"
cik: "0001507605"
company_name: "MARA Holdings, Inc."
filed_at: "2024-12-03T23:59:59+00:00"
generated_at: "2026-05-29T09:49:00.136744+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# MARA prices $850M zero-coupon convertible notes due 2031; proceeds to buy bitcoin, repurchase 2026 notes

## Summary
- $850M aggregate principal of 0.00% convertible notes due 2031; net proceeds ~$835.1M (or ~$982.5M with greenshoe).
- Initial conversion price ~$34.58 per share, ~40% premium to VWAP of $24.70 on Dec 2.
- Uses ~$48M of net proceeds to repurchase ~$51M of existing 2026 convertible notes; remainder to acquire bitcoin and general corporate purposes.
- Notes mature June 1, 2031, redeemable after June 5, 2029 if stock >=130% conversion price.
- Offering expected to close Dec 4, 2024.

## SEC filing metadata
- accession: 0001493152-24-048393
- form_type: 8-K
- ticker: MARA
- cik: 0001507605
- company_name: MARA Holdings, Inc.
- filed_at: 2024-12-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1507605/000149315224048393/0001493152-24-048393-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1507605/000149315224048393/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-048393
- JSON: https://secwatch.observer/filing/0001493152-24-048393.json
- Plain text: https://secwatch.observer/filing/0001493152-24-048393.txt

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