Big Plans or Just Smoke? MARA's Convertible Notes Move Guys, MARA dropping a $700M convertible notes offering – you buying the story here? Sure, they’re repurchasing 2026 notes and stacking more BTC, but issuing debt in this market? That’s a bold gamble. I’m worried this might dilute us down the line. I get the long-term Bitcoin thesis, but is this management overextending? Feels like they’re betting on BTC hitting $150K soon. Risky AF, but if it pays off… .
Thoughts?