According to the official announcement from MARA Holdings, Inc. (Nasdaq: MARA), the company has completed a repurchase of $1 billion worth of 0.00% convertible preferred notes due in 2030 and 2031. The repurchase includes $520 million of notes due in 2030 and $480 million of notes due in 2031. To fund this repurchase, MARA sold 15,133 Bitcoins at an average price of approximately $65,348, generating total proceeds of about $989 million. After the transaction, MARA still holds approximately 15,627 Bitcoins as its long-term core reserve.

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