TechFlow News, March 26: According to an official announcement by MARA, MARA Holdings announced the repurchase of approximately $1 billion in zero-coupon convertible senior notes due 2030 at a discount of about 9%. This move reduces the company’s convertible debt by roughly 30%, captures approximately $88 million in value, and fully eliminates future dilution risk associated with retired bonds. All funds for this repurchase were sourced from Bitcoin sales—not from ATM equity offerings.
MARA stated that this action aims to strengthen its balance sheet and provide greater strategic flexibility as the company expands into digital energy and AI/HPC sectors.
MARA also announced that it sold 15,133 Bitcoins between March 4 and March 25, 2026, for total proceeds of approximately $1.1 billion. The company expects to allocate the proceeds from these Bitcoin sales toward the note repurchase transaction, with remaining funds used for general corporate purposes.
