PANews reported on July 23 that according to Globe Newswire, Bitcoin mining company MARA Holdings announced that it plans to issue $850 million in zero-interest convertible bonds in a private placement, with a term of 2032. The company will decide the issuance process based on market conditions and plans to provide initial subscribers with an over-allotment option of up to $150 million. The funds raised will be used for potential purchases of Bitcoin and other general corporate purposes.