The mining company MARA Holdings reported the sale of 15 133 $BTC and the conclusion of private agreements to repurchase convertible bonds with a 0% interest rate maturing in 2030 and 2031.

According to the statement, MARA plans to:

- repurchase the 2030 bonds for $367.5 million at $322.9 million;

- repurchase the 2031 bonds for $633.4 million at $589.9 million.

The deals are expected to close on March 30 and 31, 2026, respectively, provided that standard requirements are met. Thanks to the discount, MARA expects to save about $88.1 million excluding transaction costs. This corresponds to approximately 9% of the nominal value. The press release states that the operation will also allow:

- to reduce total debt;

- to minimize potential dilution of shareholder stakes due to the conversion of bonds;

- to decrease the amount of convertible debt by about 30%.

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