MARA reveals that selling 15133 bitcoins will buy back US$1 billion in convertible senior bonds

Bitcoin mining company MARA issued a document on platform X announcing that it will repurchase US$1 billion in convertible senior bonds. The repurchase of 2030 notes and 2031 notes is expected to be completed on March 30 and March 31, 2026 respectively, depending on the specific requirements. Depending on meeting the usual delivery conditions, the bill repurchase transaction is expected to bring approximately US$88.1 million in value to the company through cash savings. MARA also announced that the company had sold 15,133 bitcoins between March 4 and March 25, 2026, with a total transaction price of approximately US$1.1 billion. It expects to use the proceeds from bitcoin sales for bill repurchase transactions, and the rest of the funds will be used for general corporate purposes.