MARA Holdings plans (https://ir.mara.com/news-events/press-releases/detail/1402/mara-holdings-inc-announces-proposed-private-offering-of-850-million-of-zero-coupon-convertible-senior-notes?utm_source=chatgpt.com) to privately issue $850 million in zero-coupon convertible senior notes maturing in 2032. The company intends to use up to $50 million of the proceeds to repurchase part of its 2026 convertible notes via privately negotiated deals, while the remaining funds will be used to acquire additional Bitcoin.
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⚡️#Crypto Eigen Labs has laid (https://blockworks.co/news/eigen-layoffs-25-eigencloud) off 25% of its workforce—29 employees—as it shifts focus to its new developer platform, EigenCloud. The company stated that the decision was not driven by financial issues. Affected staff will receive accelerated token vesting and additional support, with no further layoffs planned.
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#BTC Strategy has purchased (https://www.strategy.com/press/strategy-acquires-705-btc-and-now-holds-580-955-btc_06-02-2025) an additional 705 BTC for $75.1 million at an average price of $106,495 per bitcoin, bringing its year-to-date BTC yield to 16.9% in 2025. As of June 1, 2025, the firm holds a total of 580,955 BTC, acquired at a cumulative cost of $40.68 billion, with an average purchase price of $70,023 per bitcoin.
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