MARA sells $1.1B in Bitcoin to buy back debt at 9% discount

26 Mar, 13:43
Source: Cointelegraph

AI Summary

MARA Holdings sold $1.1 billion in Bitcoin to buy back convertible debt at a 9% discount, reducing debt by 30%.

MARA sells $1.1B in Bitcoin to buy back debt at 9% discount

MARA Holdings sold 15,133 Bitcoin for roughly $1.1 billion in March to buy back $1 billion of zero-coupon convertible notes at a discount, reducing its convertible debt by roughly 30%.