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Marathon sells 15,133 BTC to cut debt and fund AI pivot
Marathon (MARA) sold 15,133 Bitcoin between March 4 and March 25, 2026, raising roughly $1.1 billion at an average price of about $72,700 per coin. The proceeds were used to repurchase approximately $1 billion of convertible senior notes at a roughly 9% discount, reducing its convertible debt load by around 30%. After the sale, the company’s Bitcoin holdings fell from 53,822 to about 38,689, and further sales brought the balance to roughly 35,577 BTC by June 30, 2026. The remaining funds are earmarked for building AI high‑performance computing data centers and acquiring a natural‑gas power plant to support the transition.