Convertible note repurchase from BTC sale proceeds
Company: Marathon Digital
The claim, verbatim
Bitcoin sale proceeds supported repurchase of convertible senior notes due 2030 and 2031, cutting outstanding convertible debt by about 30% and generating about $88.1 million in savings before transaction costs.
Source (primary)
MARA Moves 1,000 BTC ($82.8M) to Binance and Gate - FinanceFeeds (-, news_article)
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Quote: “proceeds supported the repurchase of convertible senior notes due in 2030 and 2031, reducing outstanding convertible debt by approximately 30% and generating around $88.1 million in savings before transaction costs”
How we checked this
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Additional evidence
confirms MARA Moves 1,000 BTC ($82.8M) to Binance and Gate - FinanceFeeds
Quote: “proceeds supported the repurchase of convertible senior notes due in 2030 and 2031, reducing outstanding convertible debt by approximately 30% and generating around $88.1 million in savings before transaction costs”