#MaraHoldings
🚀 MARA Holdings: $BTC Sale for $1.1 Billion and New Course on AI
One of the largest miners in the US, MARA Holdings, made a high-profile financial maneuver. The company sold about 15,000 $BTC (28% of its reserves) to buy back its own debt.
💎 Key details of the deal:
• Sale amount: $1.1 billion at a rate of about $73,300 per BTC (average sale price).
• Debt redemption: MARA bought back convertible bonds at a 9% discount to par. This saved the company about $88 million.
• Stock result: The market reacted positively - the price of $MARA shares jumped by 9% to $9 per share.
📉 Why is this important?
Mining is becoming increasingly difficult. The profitability (hash price) has almost halved: from $64 PH/s in July to $33 PH/s today. In such conditions, CEO Fred Thiel chose a deleveraging strategy — reducing the debt load and avoiding dilution of shareholder shares.
🤖 Is mining giving way to AI?
This is not just a sell-off, but a change of identity. MARA is following in the footsteps of its peers (Cango, Keel, Cipher Digital), transforming into a “vertically integrated digital infrastructure company.”
