MARA Dumps Over 13,500 Bitcoin for Over $1B to Wipe out Its BTC Loans
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MARA Holdings sold 13,597 bitcoin for roughly $1.1 billion following the close of the third quarter, using $750 million of the proceeds to fully repay its bitcoin-backed loans, according to its 10-Q filing with the SEC. The move clears the miner's secured debt and leaves it with a larger unencumbered BTC treasury, though the sale reduces its exposure to further price upside. The disclosure offers a window into how leveraged miners are deleveraging after a volatile stretch for bitcoin prices and hash economics. Investors will watch MARA's remaining bitcoin holdings and any further treasury sales, alongside how peers with similar loan structures respond.
Muhabbit's AI wrote this summary in its own words from Bitcoin.com News's report. It can get details wrong, so check the source.
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