MARA Sells 13,597 Bitcoin, Repays $750 Million in Debt
11 outlets · first seen 19h ago · latest 1h ago
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The Defiantfirst seen
MARA Sells 13,597 Bitcoin, Repays $750 Million in Debt
The miner announced a new $500 million stock buyback authorization as two planned data center leases face a possible delay into 2027.
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The Block
MARA posts $634 million Q3 net profit on bitcoin gains, sells 13,597 BTC to pay off loans
MARA posted a $634.4 million Q3 net profit, then sold 13,597 BTC to repay $750 million in loans as it pivots to AI.
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Crypto Briefing
MARA Holdings posts $632.1 million Q3 profit as Bitcoin gains offset revenue drop
MARA's reliance on Bitcoin's market value for profit highlights the volatility risk, while diversification efforts may stabilize future earnings. The post MARA Holdings posts $632.1 million Q3 profit as Bitcoin gains offset revenue drop appeared first on Crypto Briefing.
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BeInCrypto
MARA Sold 13,597 Bitcoin After Q3, and It Isn't Done Selling
MARA Holdings sold 13,597 Bitcoin (BTC) after the third quarter closed, raising about $1.1 billion. Its Q3 shareholder letter, released Monday, says more sales are expected. That sale equals about 40% of the 34,012 BTC MARA held on September 30. For MARA shareholders, each share now carries less Bitcoin as the coins go toward debt, The post MARA Sold 13,597…
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CoinDesk
Bitcoin miner MARA sold 13,597 BTC for $1.1 billion in six weeks, plans to sell more
MARA paid off every loan backed by its bitcoin and says the rest of its coins can fund AI datacenters.
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crypto.news
MARA sells $1.1 billion in Bitcoin as Q3 revenue falls 35%
MARA sold 13,597 BTC for $1.1 billion, repaid $750 million in Bitcoin-backed loans and reported a 35% decline in third-quarter revenue to $164.2 million.
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Crypto Daily
13,597 BTC Leave MARA's Treasury as the Miner Swaps Bitcoin for AI Data Centers
MARA sold about 40% of its bitcoin treasury to fund AI data centers and plans more sales. Bitcoin trades below its 200-day average near $76,000. See the key levels.
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Bitcoin News
MARA Dumps Over 13,500 Bitcoin for Over $1B to Wipe out Its BTC Loans
Bitcoin miner MARA Holdings sold 13,597 BTC for about $1.1 billion after the third quarter closed and used $750 million of the proceeds to repay all of its bitcoin-backed loans. A $1.1 Billion Sale Disclosed in the 10-Q The sale surfaced in MARA’s quarterly report filed with the Securities and Exchange Commission (SEC) on Nov. […]
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Crypto Briefing
Mara Holdings sells 13,597 BTC after Q3, still holds 34,012 BTC
Mara Holdings' shift from Bitcoin accumulation to selling highlights a strategic pivot towards debt reduction and infrastructure investment. The post Mara Holdings sells 13,597 BTC after Q3, still holds 34,012 BTC appeared first on Crypto Briefing.
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Unchained
Bitcoin Miner MARA Clears Its BTC-Backed Debt and Approves $500 Million Buyback After Q3 Profit
Paying off its $750 million in bitcoin-collateralized loans left MARA Holdings with about $350 million from its bitcoin sale, by Unchained's calculation. The post Bitcoin Miner MARA Clears Its BTC-Backed Debt and Approves $500 Million Buyback After Q3 Profit appeared first on Unchained.
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Blockonomi
Bitcoin Miner MARA Frees 17,477 BTC After Paying Off Crypto-Backed Loans
TLDR MARA sold 13,597 BTC for about $1.1 billion after the third quarter, at an average price of $81,039. The miner repaid $750 million in Bitcoin-backed loans, freeing 17,477 BTC from collateral. Less than 5% of its holdings are now loaned or pledged, down from about 57% at the end of September. Third-quarter revenue fell [...] The post Bitcoin Miner…
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Crypto Briefing
Mara Holdings sells 13,597 BTC to repay collateralized loan
Mara Holdings' BTC sale to repay debt highlights a strategic shift, emphasizing liquidity and operational flexibility over mere asset holding. The post Mara Holdings sells 13,597 BTC to repay collateralized loan appeared first on Crypto Briefing.
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Bitcoin Magazine
MARA Sells 13,597 Bitcoin for $1.1 Billion, Says More Sales Are Coming
Bitcoin Magazine MARA Sells 13,597 Bitcoin for $1.1 Billion, Says More Sales Are Coming MARA sold about 40% of its bitcoin stack after Sept. 30, used $750 million to repay all its BTC-backed term loans and said it will keep selling to fund AI infrastructure, convertible note puts and buybacks. This post MARA Sells 13,597 Bitcoin for $1.1 Billion, Says…