Selling corn to pay off debt not the worst idea

BlokchainB

Bitcoin miner MARA (NASDAQ: MARA) has sold $1.1 billion worth of Bitcoin to re-pay convertible senior note debt, slashing its overall debt while 

 its Bitcoin HODL to below 50,000 BTC. The news was announced Wednesday in a corporate filing.

The debt reduction sent shares up 6.4% to $8.81 during Thursday pre-market trading. The miner funded the repurchase agreements by liquidating 15,133 bitcoin over a three-week period.

The cryptocurrency sales occurred between March 4 and Wednesday. MARA generated $1.1 billion in total proceeds from the transactions.

Stacker_Stocks

> By Edwin Ziheng Wang
>
> Bitcoin miner MARA (NASDAQ: MARA) has sold $1.1 billion worth of Bitcoin to re-pay convertible senior note debt, slashing its overall debt while [dropping](https://www.sec.gov/ix?doc=/Archives/edgar/data/1507605/000095014226000873/eh260755847_8k.htm) its Bitcoin HODL to below 50,000 BTC. The news was announced Wednesday in a corporate filing.
>
> The debt reduction sent shares up 6.4% to $8.81 during Thursday pre-market trading. The miner funded the repurchase agreements by liquidating 15,133 bitcoin over a three-week period.
>
> The cryptocurrency sales occurred between March 4 and Wednesday. MARA generated $1.1 billion in total proceeds from the transactions.
>
> [**...read more at blockspace.media**](https://blockspace.media/insight/mara-jumps-6-4-as-company-sells-1-1b-of-bitcoin-repurchases-1b-convertible-note-to-slash-debt-30/)