---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-048704"
form_type: "8-K"
ticker: "MARA"
cik: "0001507605"
company_name: "MARA Holdings, Inc."
filed_at: "2024-12-04T23:59:59+00:00"
generated_at: "2026-05-29T08:35:01.830486+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# MARA closes $850M zero-coupon convertible notes due 2031; proceeds to buy bitcoin and repurchase $51M of 2026 notes

## Summary
- Aggregate principal $850M; initial purchasers have option for additional $150M within 13 days.
- Net proceeds ~$835.1M; ~$48M used to repurchase ~$51M of existing 2026 convertible notes.
- Remainder to acquire additional bitcoin and for general corporate purposes including working capital and acquisitions.
- Notes convertible at initial rate of 28.9159 shares per $1,000 principal (~$34.58/share), a 40% premium over reference price of $24.70.
- Notes bear zero regular interest; mature June 1, 2031; redeemable after June 5, 2029 if stock exceeds 130% of conversion price.

## SEC filing metadata
- accession: 0001493152-24-048704
- form_type: 8-K
- ticker: MARA
- cik: 0001507605
- company_name: MARA Holdings, Inc.
- filed_at: 2024-12-04T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1507605/000149315224048704/0001493152-24-048704-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1507605/000149315224048704/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-048704
- JSON: https://secwatch.observer/filing/0001493152-24-048704.json
- Plain text: https://secwatch.observer/filing/0001493152-24-048704.txt

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