US EditionBitcoin (BTC) sales by MARA Holdings (MARA) fuels rise in stock price
Marathon Digital will cut convertible debt by about 30% through discounted repurchases, saving approximately $88 million and reducing shareholder dilution, company said.
- On Thursday, Marathon Digital Holdings CEO Fred Thiel announced the sale of 15,133 BTC for approximately $1.1 billion to fund a major balance sheet overhaul.
- Proceeds from the sale will fund the repurchase of $1 billion of 0.00% convertible senior notes due 2030 and 2031, cutting total outstanding convertible debt by around 30%.
- Retiring the debt generated approximately $88 million in value that would have otherwise been lost, while reducing potential shareholder dilution risks associated with note conversions.
- Thiel stated this transaction improves financial flexibility and increases strategic optionality as Marathon Digital expands beyond pure-play Bitcoin mining into digital energy and AI infrastructure.
- Despite the 2.83% decline in Bitcoin, shares of Marathon Digital rose 6% in Thursday morning trading, though the stock remains down roughly 42% over the past year.
26 Articles
26 Articles
MARA Holdings Sells 15,133 Bitcoin to Slash Its Convertible Debt by 30%
MARA Holdings sold 15,133 bitcoin — roughly $1.1 billion worth — over a three-week window ending March 25, deploying the proceeds into one of the largest convertible-note buybacks in the bitcoin mining sector’s history. The company repurchased approximately $1.0 billion of its zero-coupon convertible senior notes due 2030 and 2031 at roughly 9% below par, capturing an estimated $88.1 million in value from the discount alone. The numbers break do…
MARA Is Up 5% While Bitcoin Falls: What's Driving the Divergence?
Quick Read Marathon Digital (MARA) shares rose 6% despite Bitcoin (BTC) falling 2.83%, likely driven by the company’s pivot toward AI and high-performance computing infrastructure including a $168M acquisition of a 64% stake in Exaion and a joint venture with MPLX LP (MPLX). Marathon Digital is repositioning away from pure-play Bitcoin mining toward enterprise AI compute infrastructure at the same time that large institutional investors are bu…
MARA Holdings has just sent a strong message to the market. The U.S. mining giant has sold a massive portion of its bitcoin cash to redeem its debt at a broken price. A skillful financial maneuver that also says a lot about the real pressures facing miners today. The MARA liquid article $1.1 billion in Bitcoin to pay off its debt has appeared first on Cointribune.
Why MARA Stock Is Rising: $1.1 Billion Bitcoin Sale Cuts Debt, Backs AI Push
MARA Holdings shares rose 3.6% premarket Friday after the company sold $1.1 billion in bitcoin to fund a discounted buyback of $1 billion in convertible notes. The move cut MARA’s outstanding convertible debt by about 30%. Bitcoin fell nearly 4%, while rival miners Riot Platforms and CleanSpark dropped over 6%. MARA reported a $1.7 billion net loss for Q4 as energy costs surged and digital asset values declined. The post Why MARA Stock Is Rising…
MARA Sells $1.1B in Bitcoin to Cut Debt by 30% – #CryptoUpdatesGNIT
MARA Holdings sold more than $1 billion of Bitcoin in March to repurchase convertible debt at a discount, using its BTC holdings to reduce leverage, the company said Thursday. In a US Securities and Exchange Commission filing, the largest listed US Bitcoin miner said it would buy back about $1 billion of zero-coupon convertible notes due 2030 and 2031 for roughly $913 million in cash, capturing about $88 million in savings, or close to a 9% disc…
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