Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, MARA Holdings said it sold 15,133 Bitcoin for roughly $1.1 billion in March to buy back $1 billion of debt at a discount, reducing its convertible debt by roughly 30%, Coinbase reportedly opposes a new compromise version of a key Senate crypto bill, and executives told US lawmakers that existing investor protection and financial surveillance regulations should apply to tokenized securities.
MARA Holdings sold more than $1 billion of Bitcoin in March to repurchase convertible debt at a discount, using its BTC holdings to reduce leverage, the company said Thursday.
In a US Securities and Exchange Commission filing, the largest listed US Bitcoin miner said it would buy back about $1 billion of zero-coupon convertible notes due 2030 and 2031 for roughly $913 million in cash, capturing about $88 million in savings, or close to a 9% discount to par.
