[Wu Blockchain News] MARA, a Leading Listed Bitcoin Miner, Sells $1.1 Billion in BTC as Revenue Falls 35%
Not investment advice. Muhabbit scores how much a story may matter, not which way to trade.
MARA sold 13,597 BTC after quarter-end at an average of $81,039, raising roughly $1.1 billion and fully repaying $750 million in Bitcoin-backed loans, which freed 17,477 BTC of pledged collateral. MARA held 34,012 BTC as of September 30, down 36% year-over-year, and mined 2,247 BTC in the quarter, up 5%. The sale highlights miners’ focus on deleveraging and liquidity amid weaker revenue, with the released collateral expanding MARA’s unencumbered BTC position. Watch whether other listed miners follow with similar debt paydowns and how MARA’s post-sale treasury and hash rate trend in the next quarter.
Muhabbit's AI wrote this summary in its own words from Telegram's report. It can get details wrong, so check the source.
Named in this story
A linked name opens that asset's sentiment page.