MARA sells 15,133 BTC for about $1.1B and repurchases $1.0B in convertible notes

MARA Holdings sold 15,133 BTC for approximately $1.1 billion between March 4 and March 25 to fund a restructuring of its convertible debt. The company said it used the proceeds to repurchase $1.0 billion in 0.00% convertible senior notes at about a 9% discount, cutting total convertible debt from roughly $3.3 billion to $2.3 billion. Bitcoin was trading around the $70,000 level as the sale was disclosed.