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Here are some major developments across the crypto and DeFi space of late:
1) MARA sold 15,133 Bitcoin for roughly $1.1B between 4 March and 25 March and used the proceeds to fund a $1B buyback of its 0% convertible senior notes due 2030 and 2031.
The company agreed to repurchase around $367.5M of its 2030 notes for $322.9M and $633.4M of its 2031 notes for $589.9M, effectively retiring debt at a discount.