Bitcoin Miner MARA Raises $1.1 Billion From BTC Sale
MARA Holdings has sold 15,133 bitcoin for about $1.1 billion, marking one of the largest recent asset liquidations by a public crypto company. The sale is part of a broader effort to reduce debt and improve its financial position.
The company confirmed that the proceeds will be used to repurchase its convertible senior notes. In total, MARA plans to retire more than $1 billion in debt at a discount, lowering its liabilities and re