đ„ MARA Sells $1.1B of Bitcoin as Q3 Revenue Falls 35%.
MARA Holdings dumped $1.1 billion worth of Bitcoin just as Q3 revenue plunged 35%.
The miner sold 13,597 BTC after the third quarter closed at an average price of $81,039 per coin.
The sale generated roughly $1.1 billion in proceeds. Revenue for the period fell 35% year over year, adding to concerns about mining margins amid rising network difficulty and operating costs. Will more miners follow MARAâs lead and liquidate holdings, or is this a one-off balance sheet move?
â What's your take â is this the start of a bigger move or just noise? Drop it below.
$BTC
$ETH
#CryptoMarkets #DigitalAssets #BlockchainAdoption
MARA Holdings dumped $1.1 billion worth of Bitcoin just as Q3 revenue plunged 35%.
The miner sold 13,597 BTC after the third quarter closed at an average price of $81,039 per coin.
The sale generated roughly $1.1 billion in proceeds. Revenue for the period fell 35% year over year, adding to concerns about mining margins amid rising network difficulty and operating costs. Will more miners follow MARAâs lead and liquidate holdings, or is this a one-off balance sheet move?
â What's your take â is this the start of a bigger move or just noise? Drop it below.
$BTC
$ETH
#CryptoMarkets #DigitalAssets #BlockchainAdoption