Bitcoin Mining Firm MARA Announces $1 Billion Convertible Senior Notes Buyback

Bitcoin mining company MARA has announced on the X platform its plan to repurchase $1 billion in convertible senior notes. According to Odaily, the buyback of the 2030 notes and 2031 notes is expected to be completed on March 30 and March 31, 2026, respectively, contingent upon meeting customary delivery conditions. The repurchase transaction is anticipated to generate approximately $88.1 million in value for the company through cash savings. MARA also disclosed that between March 4 and March 25, 2026, the company sold 15,133 bitcoins, with a total transaction price of approximately $1.1 billion. The proceeds from the bitcoin sales are expected to be used for the notes buyback transaction, with the remaining funds allocated for general corporate purposes.