MARA Holdings said it sold over $1 billion in Bitcoins during March, to purchase convertible debts at a discounted rate, and to lower its leverage.
US Securities and Exchange Commission filingIt will save about $88, million, or about 9% off par, by buying back the zero-coupon notes that are due between 2030 and 2031.
This company claimed to have sold 15,133 Bitcoin.BTCAccording to Bitcointreasuries.net, MARA now holds around $1.1 billion in convertible debt between March 4, and March 25, which will allow it to reduce the outstanding amount by 30%. This would bring the total to approximately $2.3 billion at the end the month. According to Bitcointreasuries.net, MARA now holds On its balance sheet, the public company has 38 689 BTC.
Fred Thiel is the chairman and CEO of MARA. He commented on a recent article. release The transaction has enhanced the firm’s profitability “financial flexibility” Increase its “strategic optionality” MARA is expanding “beyond pure-play Bitcoin mining into digital energy and AI/HPC infrastructure.”
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MARA’s share price rose to $8.74 (+5.56%), from the close yesterday of $8.25. data Yahoo Finance
Bitcoin miners sell their remaining stashes
A move is made. $1.7 billion net loss in the fourth quarter of 2025MARA’s Bitcoins were subject to non-cash adjustments in fair value. MARA’s Bitcoin holdings were valued at $0 when the report was made. pushed back against speculation It said it would be selling its BTC assets in a quiet manner, stating that Bitcoin was still a strategic asset for its treasury while managing the balance sheet.
MARA’s shift is part of an overall trend among cryptocurrency miners to seek more stable income streams by redeploying their infrastructure and energy towards artificial intelligence. The company has recently announced that it will be launching a new product. acquire a majority stake in Exaion’s AI-focused Data centers and their peers have taken similar steps.
Bitdeer sold down its Bitcoin treasury to zero in February as it pivots toward infrastructure and service‑based revenues in cloud and AI compute, while Canaan has invested in US mining siteThe same high-energy facilities in Texas can be used to mine Bitcoin and run AI workloads.
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Source: cointelegraph.com
