MARA Sells 13,597 Bitcoin and Repays $750 Million in Debt

According to TechFlow, on November 10, The Defiant reported that Bitcoin miner MARA Holdings sold 13,597 Bitcoin after September 30, generating about $1.1 billion, and used $750 million of the proceeds to fully repay a Bitcoin-collateralized term loan, reclaiming 17,477 Bitcoin previously pledged as collateral.

The company also announced a new share buyback authorization of up to $500 million and plans to continue raising cash through Bitcoin sales for AI infrastructure, convertible notes and potential share repurchases. MARA said two data center leases originally expected to be signed by year-end may be delayed to next year.

Source: TechFlow