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

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%.

MARA Holdings sold more than $1 billion of Bitcoin in March to repurchase convertible debt at a discount, using its BTC holdings to reduce leverage, the company said Thursday. In a US Securities and… [+2307 chars]

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