MARA sells 15,133 BTC for about $1.1 billion to fund $1 billion convertible notes buyback

ChainCatcher reported that Bitcoin mining company MARA said on X it plans to repurchase $1 billion of convertible senior notes. The buybacks of its 2030 and 2031 notes are expected to close on March 30 and March 31, 2026, respectively, subject to customary closing conditions. MARA estimates the transaction will deliver roughly $881 million of value through cash savings. The company also disclosed it sold 15,133 bitcoins between March 4 and March 25, 2026, generating approximately $1.1 billion in proceeds. MARA said the bitcoin-sale proceeds are expected to be used for the note repurchase, with any remaining funds allocated to general corporate purposes.