MARA miner sold 15,133 BTC for $1.1 billion.
From March 4 to 25, bitcoin miner MARA Holdings sold 15,133 BTC for approximately $1.1 billion. The funds raised will be used by the company to buy back its own bonds.
"Our decision to sell a portion of our bitcoin assets reflects a strategic move towards capital allocation aimed at strengthening the balance sheet and ensuring the long-term growth of the company. This deal enhances financial flexibility and expands strategic opportunities as we move beyond mining into the realm of digital energy and AI infrastructure," said MARA CEO Fred Thiel.
After the sale, MARA shifted to the third position in the list of the largest holders of the first cryptocurrency among public companies. At the time of writing, the miner's reserves are estimated at 38,689 BTC.
In light of the bond buyback announcement, MARA's stock jumped 12% after the trading session opened.
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