⛏️ THE LARGEST MINER SOLD 13,597 BITCOIN 😱
Look what MARA, one of the world's largest Bitcoin miners, did: it sold 13,597 $BTC for about $1.1 billion, nearly 40% of everything it had stored.
It wasn't out of panic: it used $750 million to fully repay its Bitcoin-backed loans and freed up the 17,477 BTC it had put up as collateral. And it announced that the sales weren't over, because it wants to fund AI data centers.
To me, this shows a changing of the guard: miners used to hold on to everything they mined, but now they're using Bitcoin to pay off debt and bet on artificial intelligence.
Do you think selling at this point was a good move, or will they regret it if the price goes back up?
#Bitcoin
Look what MARA, one of the world's largest Bitcoin miners, did: it sold 13,597 $BTC for about $1.1 billion, nearly 40% of everything it had stored.
It wasn't out of panic: it used $750 million to fully repay its Bitcoin-backed loans and freed up the 17,477 BTC it had put up as collateral. And it announced that the sales weren't over, because it wants to fund AI data centers.
To me, this shows a changing of the guard: miners used to hold on to everything they mined, but now they're using Bitcoin to pay off debt and bet on artificial intelligence.
Do you think selling at this point was a good move, or will they regret it if the price goes back up?
#Bitcoin
