Acțiunile Mara Holdings au crescut odată cu vânzările de Bitcoin și încheierea unor acorduri de răscumpărare a obligațiunilor pe termen lung
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By Elias Schisgall
Shares of Mara Holdings rose after the company agreed to buy back $1 billion worth of outstanding senior notes using proceeds from the sale of $1.1 billion worth of bitcoin.
Shares were up 12% to $9.25 in Thursday morning trading. The stock has fallen 33% over the past year.
The digital energy and infrastructure company on Thursday said it had agreed to buy back $367.5 million in aggregate principal amount of senior notes due 2030 and $633.4 million worth of notes due 2031.
The company is repurchasing the notes at a discount, saving roughly $88.1 million before transaction costs, it said.
The repurchases are expected to be funded through the company's sale of 15,133 bitcoin for around $1.1 billion in aggregate. The bitcoin sales took place between March 4 and March 25.
"By retiring over $1 billion of face value debt at a discount, we captured approximately $88 million in value that would otherwise have been lost, reduced potential shareholder dilution, and leveraged our bitcoin holdings to meaningfully de-lever the balance sheet on our terms," Chief Executive Fred Thiel said.
"This transaction enhances financial flexibility and increases strategic optionality as we expand beyond pure-play bitcoin mining into digital energy and AI/HPC infrastructure," Thiel added.
Write to Elias Schisgall at elias.schisgall@wsj.com
source: https://www.tradingview.com/news/DJN_DN20260326007131:0-mara-holdings-shares-rise-on-bitcoin-sales-senior-note-repurchase-agreements/
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