⛏️ Bitcoin miner MARA sells 13,597 BTC in six weeks, raises $1.1 billion and plans further sales
Bitcoin miner MARA Holdings has sold 13,597 BTC since September at an average price of about $81,039, raising $1.1 billion—equivalent to 40% of its 34,012 BTC holdings at the end of September. The bitcoin it sold in roughly six weeks was six times its total production for the entire third quarter.
Most of the proceeds went toward repaying loans: MARA used $750 million to repay bitcoin-backed loans, freeing up 17,477 BTC that had previously been pledged as collateral. The share of its remaining holdings that was lent or pledged fell from 57% at the end of September to less than 5%. The company said it would continue selling bitcoin to raise cash for AI infrastructure, debt repayment and potential stock buybacks. Third-quarter revenue fell 35% to $164 million.
⭐ This marks a clear shift from MARA’s 2024 policy of “retaining all bitcoin produced.” Large mining companies are turning their BTC reserves into cash to build AI computing capacity and power plants.
#MARA #比特币 #Mining
Bitcoin miner MARA Holdings has sold 13,597 BTC since September at an average price of about $81,039, raising $1.1 billion—equivalent to 40% of its 34,012 BTC holdings at the end of September. The bitcoin it sold in roughly six weeks was six times its total production for the entire third quarter.
Most of the proceeds went toward repaying loans: MARA used $750 million to repay bitcoin-backed loans, freeing up 17,477 BTC that had previously been pledged as collateral. The share of its remaining holdings that was lent or pledged fell from 57% at the end of September to less than 5%. The company said it would continue selling bitcoin to raise cash for AI infrastructure, debt repayment and potential stock buybacks. Third-quarter revenue fell 35% to $164 million.
⭐ This marks a clear shift from MARA’s 2024 policy of “retaining all bitcoin produced.” Large mining companies are turning their BTC reserves into cash to build AI computing capacity and power plants.
#MARA #比特币 #Mining
