MARA sells 15,133 BTC for $1.1B to finance $1B convertible note buyback

MARA sold 15,133 bitcoin for about $1.1 billion over March 4–25 to fund a $1 billion repurchase of its convertible notes, according to RT Ous. The company realized $88.1 million in cash savings by buying back the notes at a roughly 9% discount to par, cutting total convertible debt by 30% to $2.3 billion. Full report ⤵