The company stated that the proceeds will be used to repurchase its convertible notes due in 2030 and 2031. Completed between March 4 and March 25, the transactions aim to strengthen MARA’s balance sheet and improve its resilience against market volatility.
Earlier in March, MARA updated its digital asset management policy, allowing it to sell not only newly mined Bitcoin but also assets held on its balance sheet. With this strategic shift, the company reduced its total debt by around 30% to approximately $2.3 billion.
MARA also repurchased its notes at roughly a 9% discount, generating about $88.1 million in savings. CEO Fred Thiel emphasized that this move will accelerate growth not only in mining but also in areas such as artificial intelligence and digital energy infrastructure.
