Bitcoin Miner MARA Sells 13,597 BTC for $1.1 Billion
MARA sold thousands of bitcoin over a six-week period to clear its debt and allocate funds toward AI datacenters.
Bitcoin mining company MARA recently liquidated 13,597 BTC for approximately $1.1 billion across a six-week span. The massive asset sale allowed the firm to completely pay off all loans secured by its bitcoin holdings. According to the company, remaining funds from the sales will be directed toward financing artificial intelligence datacenters. MARA also indicated that it intends to continue selling portions of its digital asset treasury in the future.
Original report: CoinDesk ↗
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