debt
confidence high
sentiment neutral
materiality 0.75
MARA repurchases ~$1B of convertible notes using $1.1B bitcoin sale proceeds
MARA Holdings, Inc.
- Repurchased $367.5M of 2030 zero-coupon notes for ~$322.9M, and $633.4M of 2031 notes for ~$589.9M.
- Sold 15,133 bitcoin for ~$1.1B between March 4-25, 2026 to fund repurchases.
- After repurchases, total convertible debt reduced from ~$3.3B to ~$2.3B.
- Repurchases expected to close March 30 (2030 notes) and March 31, 2026 (2031 notes).