MARA transfers out 500 BTC, valued at approximately $37.38 million

Shenchao TechFlow reports that on November 10, Lookonchain monitoring showed Bitcoin mining company MARA Holdings transferred out 500 BTC, valued at approximately $37.38 million.

Shenchao TechFlow previously reported that MARA sold 13,597 BTC after September 30, generating approximately $1.1 billion in proceeds, and used $750 million of those proceeds to repay Bitcoin-backed loans.

Source: Shenchao TechFlow