MARA sells 15,133 bitcoin for $1.1 billion to fund convertible note repurchase

Marathon Digital (MARA) sold 15,133 bitcoin, totaling $1.1 billion, to facilitate the repurchase of $1 billion in convertible notes. This strategic financial maneuver allowed the major Bitcoin mining company to cut its debt by 30%. The move highlights how large institutional players manage their Bitcoin holdings for corporate finance.