MARA Holdings Sells 15,133 Bitcoin for $1.1 Billion
- MARA Holdings, a Nasdaq-listed Bitcoin miner, sold 15,133 Bitcoin for approximately $1.1 billion.
- The sale funded the repurchase of the company’s 2030 and 2031 convertible notes, reducing outstanding debt by about 30%.
- This transaction captured an estimated $88 million in value and strengthened the company’s balance sheet.
- Fred Thiel, MARA’s chairman, stated that selling Bitcoin aligns with their strategy to reduce debt and preserve shareholder value.
- Following this update, MARA now ranks third among corporate Bitcoin holders with 43,514 BTC remaining.
MARA Holdings’ strategic sale of 15,133 Bitcoin aimed to reduce debt by about 30%, capturing significant value while maintaining a strong balance sheet. The company now holds 43,514 BTC.
Source (3.2)https://cryptobriefing.com/mara-bitcoin-asset-sale-debt-repurchase/?rand=59535
