MARA sold 13,597 BTC at an average of about $81,039, above where $BTC trades now.
Per its Q3 letter (via CoinDesk), that's 40% of the 34,012 BTC it held at quarter-end. $750M went to repay bitcoin-backed loans, and more sales are planned for AI infrastructure.
On the 7-day chart BTC is $74,543.20, down 2.78% over 168h, after a slide from the ~$80K area.
My read: balance-sheet repair, not a bearish call. I'm watching the weekend low just under $74K. Losing it makes miner supply a real test; a push back toward $80K says buyers absorbed it. Are miners turning AI companies a lasting source of BTC supply? #Bitcoin #Miners Not financial advice.
Disclosure: Write to Earn may pay me a commission on cashtag trades.
Per its Q3 letter (via CoinDesk), that's 40% of the 34,012 BTC it held at quarter-end. $750M went to repay bitcoin-backed loans, and more sales are planned for AI infrastructure.
On the 7-day chart BTC is $74,543.20, down 2.78% over 168h, after a slide from the ~$80K area.
My read: balance-sheet repair, not a bearish call. I'm watching the weekend low just under $74K. Losing it makes miner supply a real test; a push back toward $80K says buyers absorbed it. Are miners turning AI companies a lasting source of BTC supply? #Bitcoin #Miners Not financial advice.
Disclosure: Write to Earn may pay me a commission on cashtag trades.
