Convertible note repurchase funded by BTC sales
Company: Marathon Digital
The claim, verbatim
MARA said proceeds from selling 15,133 BTC would fund repurchases of 2030 and 2031 convertible notes, expected to cut outstanding convertible debt by about 30% and save about $88.1 million before costs.
Source (primary)
Is MARA preparing another Bitcoin sale after moving 1,000 BTC? - Crypto News (-, news_article)
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Quote: “The repurchase transactions were expected to reduce outstanding convertible debt by approximately 30% and generate around $88.1 million in savings before transaction costs.”
How we checked this
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Additional evidence
confirms Is MARA preparing another Bitcoin sale after moving 1,000 BTC? - Crypto News
Quote: “The repurchase transactions were expected to reduce outstanding convertible debt by approximately 30% and generate around $88.1 million in savings before transaction costs.”