Skip to content
BitcoinBitcoin News

MARA Dumps Over 13,500 Bitcoin for Over $1B to Wipe out Its BTC Loans

By Shiraz Jagati

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…

Read Original Article

Explained in this story

Bitcoin

The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.

Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.

More about Bitcoin

More in Bitcoin

From the blog