0% Convertible Senior Notes due 2031
mara_jun2031
Terms
| Issuer | MARA Holdings, Inc. | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ticker | not stated | ||||||||||||||
| Type | convertible note | ||||||||||||||
| Rate policy | fixed | ||||||||||||||
| Rate policy terms |
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| Cumulative | not stated | ||||||||||||||
| Seniority rank | 2 | ||||||||||||||
| Maturity | 2031-06-01 | ||||||||||||||
| Liquidation preference | not stated | ||||||||||||||
| Outstanding | 291,584,000 USD | ||||||||||||||
| Currency | USD | ||||||||||||||
| USD translation (issuer-filed) | not stated | ||||||||||||||
| Status | outstanding |
Source for the seniority ranking
Titled "Convertible Senior Notes" in SEC EDGAR accession 0001507605-26-000022 (10-Q, period 2026-06-30), NOTE 13 DEBT. Ranked BELOW the bitcoin-backed term loan facilities (rank 1) because those are collateralised and these are not: the same filing records that "18,750 bitcoin, with a fair value of approximately $1.2 billion, were pledged as initial collateral" for the facilities, and records no pledge against these notes. The subordination is therefore STRUCTURAL, inferred from the pledge, and is NOT quoted from an intercreditor provision — no such provision was read. Ranks among the five notes are equal, not ordered.
Market
collecting (no market price is served for this instrument, so no yield, attachment point or coverage is derived)
Issuer bitcoin holdings
| Holdings, read from a filing | 26,307 BTC as of 2026-06-30 · 10-Q · 0001507605-26-000022 plus 9,270 BTC lent or pledged, not counted here What the filing saysQuantity Cost Basis Fair Value Bitcoin 26,307 $ 1,889,537 $ 1,540,574 Bitcoin - receivable (1) 9,270 |
|---|
Valued in the payload at $82,161 as at 2026-10-15. Holdings and price carry different as-of dates and are not restated to a common one.
Ask for this by machine
| REST | GET https://api.bitcoincreditstack.com/v1/market/corporate/instruments |
|---|---|
| MCP | get_corporate_instruments() |
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As of 2026-10-14