Nasdaq-listed Bitcoin mining company Mara Holdings (MARA) announced that it sold 20,880 BTC for approximately $1.5 billion in the first quarter of this year. According to Decrypt, the company stated that it used approximately $1 billion of the BTC sale proceeds to repay convertible bonds, reducing its debt from approximately $3.3 billion to $2.3 billion. It also added that it plans to invest funds in the acquisition of Long Ridge Energy, the operator of a 505MW power plant in Ohio.
