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Marathon Digital Sells 15,133 BTC Worth over $1 Billion

Published by
Sohrab Khawas

Marathon Digital ($MARA) has sold 15,133 Bitcoin between March 4 and March 25, raising roughly $1.1 billion in one of its largest BTC liquidations this year. The company disclosed the sale in an SEC filing and plans to use most of the proceeds to repurchase around $1 billion in convertible senior notes due in 2030 and 2031, reducing its debt load by about 30%. MARA’s stock jumped as investors saw the move as a strategic step to strengthen the balance sheet and limit shareholder dilution.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

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