Bitcoin miner MARA sold 13,597 BTC for $1.1 billion in six weeks, plans to sell more
Summary
Digital asset miner MARA recently liquidated a significant portion of its cryptocurrency holdings to eliminate its bitcoin-backed debt. The firm generated over one billion dollars from these transactions executed across a six-week period. Leadership also indicated that the remaining digital assets will support upcoming investments in artificial intelligence infrastructure.
MARA paid off every loan backed by its bitcoin and says the rest of its coins can fund AI datacenters.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Disclaimer: This content is for informational and educational purposes only and is not financial, investment or trading advice. Tech & Money Press is not a registered investment adviser or broker-dealer. Trading stocks, options and crypto involves substantial risk, including the loss of your entire investment. Do your own research and consult a licensed professional before making any financial decision. The authors may hold positions in the securities mentioned. News summaries are written with AI assistance from the original publisher's report and may contain errors; always check the original source. Full disclaimer.