MARA sells 15,133 Bitcoin for $1.1 billion and slips behind Twenty One Capital
MARA Holdings sold 15,133 Bitcoin for $1.1 billion to reduce debt, placing it third among corporate holders behind Twenty One Capital.Summary
MARA Holdings, a Nasdaq-listed Bitcoin miner expanding into digital energy and AI infrastructure, sold 15,133 Bitcoin over three weeks for approximately $1.1 billion. This sale was executed to fund the repurchase of its 2030 and 2031 convertible notes, resulting in a debt reduction of about 30% and capturing an estimated $88 million in value. Chairman Fred Thiel stated this capital allocation strategy aims to strengthen the balance sheet, limit shareholder dilution, and provide more optionality as MARA broadens its focus. Following the sale, MARA's Bitcoin holdings decreased from 53,822 BTC to 38,689 BTC, valued at $2.7 billion. This reduction moves MARA to third place among corporate Bitcoin holders, behind Twenty One Capital, which holds 43,514 BTC.
(Source：Crypto Briefing)