- MARA Holdings raised $700M to strengthen its Bitcoin strategy and financial stability through debt-backed acquisitions.
- Semler Scientific raised $21.5M to purchase more Bitcoin, now holding 1,273 BTC with a 37.3% yield.
- Both MARA and Semler are using Bitcoin as a long-term asset, reflecting the growing trend among companies.
MARA Holdings and Semler have announced a significant move to strengthen their position in the cryptocurrency market. MARA Holdings Inc. has launched a significant $700 million private offering of convertible senior notes, while Semler has raised $21.5 million. Both firms seek to purchase more Bitcoins and use the cryptocurrency as a hedge and a tool for future development.
MARA Holdings Expands Bitcoin Acquisition Strategy
MARA has provided solutions for improving the company’s financial structure and increasing the flow of bitcoins. The notes, which are due in 2030, will bear interest which shall be paid in March and September, starting in March 2025.
The rest will be used to buy convertible notes due in 2026 that have been listed in MARA’s balance sheet to enhance its financial robustness. Additionally, the rest of the proceeds will go towards buying Bitcoins.
This move is in line with other businesses' initiatives to increase their Bitcoin holdings, such as MicroStrategy. Marathon Digital, the parent business of MARA, is among the top holders with 27,562 BTC. By building up and holding onto Bitcoin as a store of wealth, MARA's HODL approach positions it as a major force in the cryptocurrency market.
Semler Scientific Also Increases Bitcoin Holdings
In a similar move, Semler Scientific is expanding its Bitcoin portfolio. On November 19, 2024, the company announced it raised $21.5 million. Semler has used part of these funds to purchase 215 additional Bitcoin. This brings its total holdings to 1,273 BTC. The move marks a change in strategy for Semler, which traditionally focused on medical technology. It has now embraced Bitcoin as part of its corporate strategy.
Moreover, Semler’s Bitcoin acquisition plan has a yield of 37.3%, demonstrating its increasing investment in the sector. Such a change indicates a growing trend of organizations seeking Bitcoin for profits in the future and sustainability.
Both Companies Embrace Bitcoin for Long-Term Growth
Both MARA and Semler are part of a growing trend of companies using Bitcoin for more than just as a store of value. By diversifying their asset bases with Bitcoin, they aim to benefit from its potential long-term value.
MARA focuses on acquiring Bitcoin through debt-backed strategies, while Semler purchases directly to benefit from Bitcoin yield. These moves underscore the increasing role of Bitcoin in corporate financial strategies.
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