MARA Sells $1.1 Billion in Bitcoin to Slash Debt as Coinbase Brings Crypto-Backed Mortgages to the Housing Market
The post MARA Sells $1.1 Billion in Bitcoin to Slash Debt as Coinbase Brings Crypto-Backed Mortgages to the Housing Market appeared on BitcoinEthereumNews.com.
Two announcements on Thursday underscored how rapidly digital assets are being woven into the plumbing of conventional finance — one through the corporate treasury, the other through the front door of American homeownership. MARA Holdings, the largest publicly listed Bitcoin miner in the United States, disclosed in an SEC filing that it sold roughly 15,000 BTC for approximately $1.1 billion between March 4 and March 25 in order to repurchase around $1 billion of its zero-coupon convertible notes at an average discount of 9% to par. The transaction trims MARA’s outstanding convertible debt by approximately 30% to about $2.3 billion and captures an estimated $88 million in savings before transaction costs. The sale represents 28% of the company’s Bitcoin treasury. According to Bitcointreasuries.net, MARA retains roughly 38,700 BTC on its balance sheet — a stash worth approximately $2.6 billion at Thursday’s trading price near $69,000. Investors greeted the deleveraging warmly. MARA’s share price rose as much as 12.6% in pre-market trading to $9.29, according to Yahoo Finance, before settling around $8.74 during the regular session — still a gain of more than 5% on the day. The stock remains roughly 44% lower over the past six months, reflecting persistent pressure on mining margins since Bitcoin’s retreat from its October 2025 all-time high above $126,000. Bitcoin was down 3% today on the news, Source: Brave New Coin MARA chairman and CEO Fred Thiel framed the move as a deliberate rebalancing rather than a distress sale. In a press release, Thiel said the repurchase eliminates future dilution risk for shareholders and enhances the firm’s optionality as it expands into AI and high-performance computing infrastructure. The company recently agreed to acquire a majority stake in Exaion’s AI-focused data centres, part of a broader industry pivot that has seen miners trade hash power for…
Filed under: News - @ March 26, 2026 8:20 pm