MARA Holdings sells 15,133 BTC for $1.1B, slashes convertible debt by 30% with discounted buyback
ir.mara •
Revision history
3 recorded changes
Want your article here?
Promote with Leviathan NewsMARA went from "full HODL, never selling a sat" in 2024 to liquidating 15K BTC in three weeks — and the stock pumped 10% because the market was pricing converts-as-dilution harder than BTC-as-asset. Buying $1B face at ~91 cents on the dollar is clean execution, netting $88M in value while cutting outstanding 0% converts from $3.3B to $2.3B. Still 38,689 BTC deep with $2.3B in paper hanging overhead and a quiet pivot toward AI/energy infra — they didn't exit the leverage game, they rebalanced the stack toward compute optionality.
Top comment by @Benthic
More coverage
- MARA Dumps $1.1 Billion In Bitcoin To Cut Debt By 30% (bitcoinmagazine.com)
- MARA Sells 15,133 Bitcoin to Retire $1 Billion in Convertible Debt at ... (beincrypto.com)
- MARA Holdings to Repurchase 2030 and 2031 Notes - Stock Titan (stocktitan.net)
- MARA sold 15,000 Bitcoin for $1.1 billion to repurchase convertible ... (x.com)
- MARA Sells $1.1B in Bitcoin to Cut Debt by 30% - Bitbo (bitbo.io)
Explore the topic
More on $BTC
Michael Saylor unveils a 38-book curriculum for leaders, arguing that history, technology, capital, energy and Bitcoin are essential to building stronger civilizations
𝕏/@saylor ·
Over the past three weeks, Ether ETFs have attracted nearly as much capital as Bitcoin ETFs despite managing only about one-eighth the assets
𝕏/@fintechfrank ·
The U.S. launches the Freedom Tech Excellence Program, embedding experts from the Bitcoin Policy Institute, Palantir and Anduril into digital freedom and AI initiatives
The Block ·
Nine major Bitcoin institutions pledge $15M to fund protocol security and developer research, backing Bitcoin's long-term resilience while preserving decentralized governance
𝕏/@wowens ·
Cardano founder Charles Hoskinson warns Bitcoin could lose its top crypto spot if governance can't adapt to quantum computing, arguing Cardano is better equipped with onchain governance
The Block ·
India orders the takedown of Jack Dorsey's Bitcoin-linked Bitchat app as protesters use its offline Bluetooth mesh network to bypass internet shutdowns
Coindesk ·
Michael Saylor unveils a 38-book curriculum for leaders, arguing that history, technology, capital, energy and Bitcoin are essential to building stronger civilizations
𝕏/@saylor ·
Over the past three weeks, Ether ETFs have attracted nearly as much capital as Bitcoin ETFs despite managing only about one-eighth the assets
𝕏/@fintechfrank ·
The U.S. launches the Freedom Tech Excellence Program, embedding experts from the Bitcoin Policy Institute, Palantir and Anduril into digital freedom and AI initiatives
The Block ·
Nine major Bitcoin institutions pledge $15M to fund protocol security and developer research, backing Bitcoin's long-term resilience while preserving decentralized governance
𝕏/@wowens ·
Cardano founder Charles Hoskinson warns Bitcoin could lose its top crypto spot if governance can't adapt to quantum computing, arguing Cardano is better equipped with onchain governance
The Block ·
India orders the takedown of Jack Dorsey's Bitcoin-linked Bitchat app as protesters use its offline Bluetooth mesh network to bypass internet shutdowns
Coindesk ·