MARA Holdings stock price rises after previously announcing a $1 billion debt buyback

Investing.com – Despite the weakening of Bitcoin prices, MARA Holdings (Nasdaq: MARA) stock rose 5% on Thursday morning after the company announced a $1 billion debt buyback.

This digital energy and infrastructure company reached a privately negotiated agreement to repurchase approximately $367.5 million of principal amount of 0.00% convertible senior notes due 2030 at an estimated price of about $322.9 million, and approximately $633.4 million of principal amount of 0.00% convertible senior notes due 2031 at an estimated price of about $589.9 million. These transactions are expected to be completed on March 30, 2026, and March 31, 2026, respectively.

The buyback is expected to generate approximately $81.1 million in cash savings (before transaction costs), representing about a 9% discount on face value. These transactions will reduce the company’s outstanding convertible debt by approximately 30%. After the buyback, the 2030 notes will have a remaining principal balance of $632.5 million, and the 2031 notes will have a remaining principal balance of $291.6 million.

To fund the debt repurchase, MARA sold 15,133 Bitcoin between March 4 and March 25, 2026, for a total of about $1.1 billion. The remaining proceeds will be used for general corporate purposes.

The company’s total convertible note debt will decrease from $3.3 billion as of December 31, 2025, to approximately $2.3 billion after the transaction.

J. Wood Capital Advisors served as financial advisor for this transaction, and Paul, Weiss, Rifkind, Wharton & Garrison acted as legal counsel.

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