MARA sells $1.1 billion in bitcoin to repurchase convertible notes

MARA Holdings has moved to simplify its balance sheet by selling 15,133 bitcoin for about $1.1 billion and using most of the proceeds to repurchase roughly $1.0 billion of its 0.00% convertible senior notes. The transaction gave the company a fast way to cut debt, reduce dilution risk and improve treasury flexibility at the same […]