Want To Buy Thousands Of Bitcoins, MARA Holdings Launches IDR 11 Trillion Bonds

JAKARTA The leading US Bitcoin mining company, MARA Holdings, is trying to buy Bitcoin worth IDR 11.06 trillion. To add to the Bitcoin collection, the company previously known as Marathon Digital issued interest-free conversion bonds worth 700 million US dollars or equivalent to IDR 11 trillion.

Later, the funds obtained from the bond offering will be used by MARA for Bitcoin as well as reducing its short-term debt due in 2026. In addition, MARA will also buy some of the previously issued conversion bonds. Then, the funds will also be used for the company's operational needs.

It is planned that the conversion bonds will be offered to eligible institutional investors, and MARA provides an option for early buyers to buy an additional 105 million US dollars in bonds (approximately IDR 1.65 trillion).

According to information released by the company, these bonds are not guaranteed any assets and will mature in 2031. Investors have the option to convert the bonds into cash, MARA shares, or a combination of both, according to the company's decision.

Previously, similar efforts were made by MARA Holdings to buy 6,474 Bitcoins worth US$619 million (equivalent to Rp9.73 trillion) in November 2024. This underscores MARA's commitment to expanding the company's Bitcoin portfolio.

MARA Holdings Successfully Mined 907 Bitcoins

In addition, MARA reports significant achievements in its mining operations. In November 2024, the company managed to mine 907 BTC worth about 86.2 million US dollars (approximately IDR 1.36 trillion), a 26% increase compared to the previous month. This makes MARA one of the main players in the global Bitcoin mining industry, with total production to date reaching 8,563 BTC and additional acquisitions of 12,965 BTC in 2024.

The total Bitcoin MARA deposits now reach 34,959 BTC (around Rp3.3 trillion). This number makes MARA Holdings the largest public company in the world, according to Bitcoin Treasury.

CEO of MARA, Fred Thiel, expressed his pride in the company's achievements. November is a record month for us, with mining operations reaching production levels without precedent, thanks to the addition of new miners and the increasingly efficient operation (companies)," he said.