Trending Now - MARA Holdings Liquidates 15,000 BTC Amid Price Plunge to Reduce Debt

WHO:

MARA Holdings (MARA), the largest crypto mining company in the United States

Fred Thiel, CEO of MARA Holdings

WHAT:

MARA Holdings sold 15,133 Bitcoin for roughly $1.1 billion

The sale reduced MARA's Bitcoin holdings by approximately 28% from 53,822 BTC to 38,689 BTC

The proceeds will be used to repurchase $1 billion in convertible bonds maturing in 2030 and 2031

The repurchase is expected to close on March 30th and March 31st, 2026

The sale captured approximately $88 million in value that might have been lost

MARA's reduced Bitcoin stash is now valued at roughly $2.66 billion

WHERE:

United States (location of MARA Holdings)

WHEN:

The Bitcoin sale occurred between March 4th and March 25th, 2026

The repurchase of convertible bonds is expected to close on March 30th and March 31st, 2026

WHY:

The sale was intended to fund an expansion into artificial intelligence (AI) computing

The transaction is framed as a strategic refinancing move to strengthen the balance sheet and increase financial flexibility

The sale follows changes in MARA's 2026 policy to permit the sale of Bitcoin during liquidity stress or market crises

HOW:

The Bitcoin was sold to fund the buyback of zero-coupon convertible notes at a 9% discount

The buyback is part of privately negotiated agreements

(UPDATED March 26, 2026 19:24 UTC)

MARA Holdings, the largest crypto mining company in the United States, has sold 15,133 Bitcoin for approximately $1.1 billion, reducing its holdings by about 28 percent. The proceeds from this sale will be used to repurchase $1 billion in convertible bonds maturing in 2030 and 2031, with the transaction expected to close on March 30th and March 31st. This strategic move is part of MARA's expansion into artificial intelligence computing and aims to strengthen the company's balance sheet while increasing financial flexibility.