đšHUGE: Bitcoin miner MARA sold 40,581 Bitcoin for $3,000,000,000 in 2026 to cut debt and fund its AI infrastructure.
It started the year with 53,822 BTC.
Here is how the sales broke down:
1. January to March: 20,880 bitcoin at an average of $70,137, including 15,133 to retire $1 billion of convertible notes.
2. April to June: 2,213 bitcoin.
3. July to September: 3,891 bitcoin at an average of $75,300.
4. October 1 to November 9: 13,597 bitcoin at an average of $81,039.
$750 million of that last sale repaid loans MARA took against its bitcoin to fund Long Ridge, a 505 MW power plant.
Total debt is down $1.4 billion this year, a 37% cut.
MARA says it intends to keep "using bitcoin to build cash" for AI infrastructure.
Bitcoin now trades near $64,000, about 20% below what MARA last sold at.
It started the year with 53,822 BTC.
Here is how the sales broke down:
1. January to March: 20,880 bitcoin at an average of $70,137, including 15,133 to retire $1 billion of convertible notes.
2. April to June: 2,213 bitcoin.
3. July to September: 3,891 bitcoin at an average of $75,300.
4. October 1 to November 9: 13,597 bitcoin at an average of $81,039.
$750 million of that last sale repaid loans MARA took against its bitcoin to fund Long Ridge, a 505 MW power plant.
Total debt is down $1.4 billion this year, a 37% cut.
MARA says it intends to keep "using bitcoin to build cash" for AI infrastructure.
Bitcoin now trades near $64,000, about 20% below what MARA last sold at.
