MARA disclosed that the sale of 15,133 bitcoins will be used to repurchase $1 billion of convertible senior notes

Bitcoin mining company MARA announced on platform X that it will repurchase $1 billion of convertible senior notes, with the repurchase of the 2030 notes and 2031 notes expected to be completed on March 30, 2026, and March 31, 2026, respectively, depending on the satisfaction of customary closing conditions. The note repurchase transaction is expected to bring approximately $88.1 million in value to the company through cash savings.

MARA also announced that the company sold 15,133 bitcoins between March 4, 2026, and March 25, 2026, for a total transaction price of approximately $1.1 billion, and it is expected that the proceeds from the bitcoin sales will be used for the note repurchase transaction, with the remaining funds used for general corporate purposes.