MARA Sells $1.1B Bitcoin to Cut Convertible Debt by 30%, Preps for Expansion

MARA sold 15,133 bitcoins between March 4 and 25, raising approximately $1.1 billion to repurchase convertible notes due in 2030 and 2031, reducing this debt by about 30%. This reduction aims to strengthen MARA's balance sheet and decrease dilution risk, positioning the company for strategic growth. The company plans to leverage this improved financial footing to expand into digital energy and artificial intelligence infrastructure markets.