According to information published Wednesday by MARA Holdings for investors, the Bitcoin mining company sold 13,597 BTC for approximately $1.1 billion over a six-week period starting at the end of September, at an average selling price of $81,039 per BTC. The sale represents approximately 40% of the 34,012 BTC held by the company at the end of September.
The company used $750 million of the proceeds to repay Bitcoin-backed loans, freeing up 17,477 BTC that had served as collateral and reducing the share of its holdings pledged as collateral from 57% to less than 5%.
$MARA
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The company used $750 million of the proceeds to repay Bitcoin-backed loans, freeing up 17,477 BTC that had served as collateral and reducing the share of its holdings pledged as collateral from 57% to less than 5%.
$MARA
$BTC
$INTC