MARA Sells $1.1 Billion in Bitcoin as Q3 Revenue Falls 35%

Bitcoin miner MARA sold 13,597 BTC for $1.1 billion in six weeks, plans to sell more

MARA sells $1.1 billion in Bitcoin as Q3 revenue falls 35%

MARA sold 13,597 BTC for $1.1 billion, repaid $750 million in Bitcoin-backed loans and reported a 35% decline in third-quarter revenue to $164.2 million.

MARA Dumps Over 13,500 Bitcoin for Over $1B to Wipe out Its BTC Loans

Bitcoin miner MARA Holdings sold 13,597 BTC for about $1.1 billion after the third quarter closed and used $750 million of the proceeds to repay all of its bitcoin-backed loans. A $1.1 Billion Sale Disclosed in the 10-Q The sale surfaced in MARA’s quarterly report filed with the Securities and Exchange Commission (SEC) on Nov. […]

MARA Sells $1.1 Billion in Bitcoin, Repays $750 Million in Loans

The repayment released 17,477 BTC pledged as collateral. MARA’s shares rose during the regular session before the company disclosed the sale.

MARA Sold 13,597 Bitcoin At $81,039 To Cut Debt

MARA sold 13,597 bitcoin near $81,039 after Q3, raising $1.1 billion and repaying $750 million of BTC-backed loans as profit leaned on an $885 million mark.