MARA sold 15,133 bitcoins and repurchased $1 billion in convertible senior notes

Techub News reports that Bitcoin mining company MARA Holdings announced the sale of 15,133 Bitcoins between March 4 and March 25, with total proceeds of approximately $1.1 billion. MARA expects to use the proceeds from the Bitcoin sales for bond repurchases, with the remainder allocated for general corporate purposes. Additionally, MARA announced the repurchase of approximately $367.5 million in principal amount of its 2030 notes for about $322.9 million in cash, and approximately $633.4 million in principal amount of its 2031 notes for about $589.9 million in cash. The repurchases are expected to be completed on March 30 and March 31, respectively, subject to customary closing conditions.