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MARA jumps 10% on $1 bn debt buyback using Bitcoin
short by / on Thursday, 26 March, 2026
MARA shares surged 10% after it sold 15,133 Bitcoin for $1.1 billion to buy back $1 billion in debt at a discount. The deal saves $88.1 million, reduces debt by 30%, and minimises dilution. The CEO called it a strategic move to strengthen the balance sheet and leverage Bitcoin holdings for long-term growth.
read more at Stocktwits