Mining company MARA disclosed that in March it sold 15,133 Bitcoins and will repurchase $1 billion worth of convertible senior bonds.

DeepFlowTech · 2026-03-26T12:25:08+00:00

MARA Holdings announces the repurchase of approximately $1 billion of 2030 maturity zero-coupon convertible preferred notes at a 9% discount, reducing debt and eliminating dilution risk. The repurchase funds come from Bitcoin sales, totaling approximately $1.1 billion, and are planned for note repurchases and corporate operations.

DeepFlowTech

2026-03-26 12:25:08

Abstract generation in progress

Deep Tide TechFlow News, March 26 — According to an official announcement from MARA, MARA Holdings announced a buyback of approximately $1 billion of zero-coupon convertible bonds due 2030 at about a 9% discount. This move reduces the company’s convertible debt by approximately 30%, capturing about $88 million in value, and completely eliminates future dilution risks from retired bonds. The buyback was funded entirely by Bitcoin sales, not through issuing new shares via ATM. MARA stated that this move aims to strengthen its balance sheet and provide greater strategic flexibility for expansion into digital energy and AI/HPC sectors.

MARA also announced that between March 4 and March 25, 2026, the company sold 15,133 Bitcoin, totaling approximately $1.1 billion. The proceeds from Bitcoin sales are expected to be used for bond repurchase transactions, with the remaining funds allocated for general corporate purposes.

BTC-3,2%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.