MARA Sells 15,133 Bitcoin for $1.1B to Retire $1B in Convertible Debt
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MARA sold 15,133 BTC (~$1.1B) between March 4–25, one of the largest single sell-offs by a public Bitcoin miner and notable because the company has been historically HODL-first. - Proceeds will be used to buy back 0.00% convertible notes due 2030/2031 to reduce about $1B of debt (including ~$322.9M allocated to repurchase a ~$367.5M tranche), per newly released SEC filings. - Market impact: Bitcoin fell ~2.5%, dipping below $69,000 after the announcement; action improves Marathon's balance sheet but adds selling pressure and short‑term risk for crypto prices and market sentiment (SEC, debt, selling pressure, miner, Bitcoin).
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- Newly released SEC documents show that the MARA Dumps $1.1B Bitcoin to Retire Debt
- MARA will use the proceeds to buy back its 0.00% convertible notes to reduce $1B Debt.
- Bitcoin’s price dropped 2.5% after the announcement, falling below $69,000 at one point.
MARA Holdings (formerly Marathon Digital Holdings) sold 15,133 Bitcoin (approximately $1.1 billion worth), which is one of the biggest single sell-offs by a public miner. What makes it stand out is that MARA has always been a HODL-first company, stacking coins instead of selling them.
MARA Sells Bitcoin to Reduce Convertible Debt
According to the newly released SEC documents, the selling happened between March 4 and March 25.
The company stated that it will use the proceeds to buy back its 0.00% convertible notes due 2030 and 2031. MARA plans to use $322.9 million to repurchase $367.5 million of the 203…
Read The Full Article MARA Sells 15,133 Bitcoin for $1.1B to Retire $1B in Convertible Debt On Coin Edition.
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