Repurchase of 2030/2031 zero-coupon convertible notes
Company: Marathon Digital
The claim, verbatim
MARA used $912.8 million, funded largely by bitcoin sales, to repurchase about $1 billion of principal of its zero-coupon convertible notes due 2030 and 2031 at roughly a 9% discount to par.
Source (primary)
MARA Moves $81.1M in Bitcoin to Galaxy Digital Amid AI Pivot - Altcoin Buzz (-, news_article)
View cached copy (2026-10-10)Live source ↗Archive.org ↗
Quote: “$912.8 million bought back about $1 billion of principal on zero-coupon convertibles due 2030 and 2031, at roughly a 9% discount to par”
How we checked this
Checked on October 14, 2026. The cited source supports every part of this claim.
The article says MARA sold bitcoin primarily to repurchase convertible debt and that some of those proceeds, $912.8 million, bought back the notes on the stated terms.
Confirmed in the source:
- MARA used $912.8 million for the repurchase
- The funds came from MARA's bitcoin sales, which the article says were made primarily to repurchase convertible debt
- The repurchase covered about $1 billion of principal
- The notes were zero-coupon convertibles due 2030 and 2031
- The repurchase was at roughly a 9% discount to par
What we did: Read our cached copy of the publisher (https://www.altcoinbuzz.io/mara-sends-81-1m-in-bitcoin-to-galaxy-as-ai-pivot-reshapes-treasury) in full (6,649 characters, retrieved October 10, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms MARA Moves $81.1M in Bitcoin to Galaxy Digital Amid AI Pivot - Altcoin Buzz
Quote: “$912.8 million bought back about $1 billion of principal on zero-coupon convertibles due 2030 and 2031, at roughly a 9% discount to par”