Debt reduction via bitcoin-funded repayments and note buybacks
Company: Marathon Digital
The claim, verbatim
Bitcoin sales cut MARA's total debt from $3.6 billion to about $2.4 billion. The repayments included partial repayment of $912.8 million in convertible notes, a $350 million credit line, and the buyback of nearly $1 billion in 0% convertible notes.
Source (primary)
Whales Bought 15,000 Bitcoin in Three Days While MARA Sold $81 Million. Who Has It Right? - AOL.ca (-, news_article)
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Quote: “This selling strategy has reduced MARA's total debt from $3.6 billion to about $2.4 billion, including partial repayment of $912.8 million in convertible notes, a $350 million credit line, and the buyback of nearly $1 billion in 0% convertible notes.”
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Additional evidence
confirms Whales Bought 15,000 Bitcoin in Three Days While MARA Sold $81 Million. Who Has It Right? - AOL.ca
Quote: “This selling strategy has reduced MARA's total debt from $3.6 billion to about $2.4 billion, including partial repayment of $912.8 million in convertible notes, a $350 million credit line, and the buyback of nearly $1 billion in 0% convertible notes.”