November proved to be a record-breaking month for MARA Holdings, Inc. (NASDAQ: MARA), a leader in Bitcoin mining and digital asset strategies. The company achieved unprecedented results in its mining operations and unveiled a bold financial move to further its Bitcoin-centric strategy.

In a move to strengthen its Bitcoin acquisition strategy, MARA announced plans to offer $700 million in zero-coupon convertible senior notes due 2031, with an option for an additional $105 million, subject to market conditions. The proceeds will primarily fund the purchase of more Bitcoin and the repurchase of MARA’s existing convertible notes due in 2026.

MARA (formerly Marathon Digital), one of the largest publicly traded Bitcoin holders, has taken another bold step to expand its Bitcoin treasury. The company announced an increase in its convertible note offering from $700 million to $850 million, responding to strong investor demand. The proceeds will largely fund additional Bitcoin purchases, underscoring MARA’s confidence in Bitcoin as a strategic asset and its alignment with the growing trend of corporate Bitcoin adoption.