MARA liquidates 15,133 BTC for $1.1B to buy back ~$1B in convertibles, trims debt and lifts stock

MARA Holdings sold 15,133 BTC between March 4 and March 25, generating roughly $1.1 billion from the disposals, according to the company filing and subsequent coverage ^{[1] [2] [3]}.

The company said it used the proceeds to repurchase nearly $1.0 billion of convertible senior notes maturing in 2030 and 2031, executing repurchases at about 9% below par and reducing its convertible debt by roughly 30%, a move the company says unlocked approximately $88.1 million in savings ^{[3] [4] [5]}.

MARA said the asset sales were intended to strengthen the balance sheet and position the firm for long‑term growth, including expansion into AI and energy infrastructure; the announcement coincided with a roughly 10% rise in MARA’s stock in premarket trading ^{[1] [4] [2] [6]}.