MARA Holdings Sells 1.1 Billion Dollars in Bitcoin to Pay Off Debt and Reduce Financial Leverage.

MARA Holdings sold 15,133 BTC (1.1 billion USD) to raise funds to buy back 1 billion USD of zero-coupon convertible debt at a discount of nearly 9%. The operation saves about 88 million USD and reduces MARA's financial leverage by 30%. The company aims to accelerate its development in digital energy, AI, and HPC, positioning itself as a technology infrastructure player. MARA's stock rose by 12% in pre-market trading.