MARA sells $1.1 billion in Bitcoin as Q3 revenue falls 35%

MARA Holdings has sold 13,597 Bitcoin for approximately $1.1 billion after the third quarter, using part of the proceeds to repay $750 million in Bitcoin-backed loans as its quarterly revenue fell 35%. MARA sold 13,597 Bitcoin for approximately $1.1 billion after the third quarter ended in September. The company repaid $750 million in Bitcoin-backed loans, releasing 17,477 BTC previously pledged as collateral. Third-quarter revenue declined 35% to $164.2 million, while net income reached approximately $632.1 million. Unrealized Bitcoin gains totaled $885.3 million, supporting quarterly earnings despite lower revenue from mining operations.