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Fintech– 10
MARA sells bitcoin to fund note repurchase
The Block·
MARA Holdings has announced the sale of 15,133 bitcoin for $1.1 billion. The company intends to use the proceeds from this significant transaction to repurchase its convertible notes. This strategic move aims to manage its debt obligations and strengthen its financial position. The sale comes amid broader market activity and reflects a proactive approach by MARA to address its financial structure.
Tickers
$MARA
Tags
crypto
fintech
companies
Original Source
The Block — theblock.co