Mara Sells 13,600 Bitcoins to Repay $750 Million in Debt
2026-11-10 05:24:54
According to CoinMeta, Mara Holdings sold 13,600 bitcoins after September 30, earning approximately $1.1 billion, and used $750 million of that to repay a bitcoin-backed fixed-term loan, thereby retrieving 17,477 bitcoins as collateral. Mara Holdings has added $500 million in authorization for stock repurchases and plans to raise cash by selling bitcoins to fund the infrastructure of AI, convertible note debt, and stock repurchases. The signing of two data center leases originally scheduled to be completed by the end of the year has been postponed until next year. (Source: The Defiant)
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