Mara Holdings Sells 15,133 Bitcoins to Repurchase $1 Billion Convertible Bonds

BlockBeats News, March 26, Bitcoin mining firm Mara Holdings announced that between March 4, 2026, and March 25, they sold a total of 15,133 bitcoins for approximately $1.1 billion. The company expects to use the proceeds from the Bitcoin sale to fund the bond repurchase transaction and the remaining funds will be used for general corporate purposes.

Mara Holdings has reached a private agreement with certain investors for a repurchase transaction, repurchasing around $3.675 billion principal amount of 2030 bonds with a total cash repurchase price of approximately $3.229 billion; simultaneously repurchasing around $6.334 billion principal amount of 2031 bonds with a total cash repurchase price of approximately $5.899 billion.