MARA Sells 15,133 Bitcoin to Retire $1 Billion in Convertible Debt at Steep Discount

MARA Holdings sold 15,133 Bitcoin for roughly $1.1 billion and will use the proceeds to retire over $1 billion in face value convertible debt. The transactions target MARA’s 0.00% Convertible Senior Notes due 2030 and 2031. Sales occurred between March 4 and March 25, with closings expected by March 31. Why MARA Is Selling Bitcoin The post MARA Sells 15,133 Bitcoin to Retire $1 Billion in Convertible Debt at Steep Discount appeared first on BeInCrypto.