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The post Marathon Digital Sells 15,133 BTC Worth over $1 Billion appeared first on Coinpedia Fintech News
Marathon Digital ($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.
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