MARA Sold 13,597 Bitcoin Worth $1.1 Billion Over Six Weeks

Bitcoin miner MARA sold 13,597 Bitcoin (BTC) for about $1.1 billion during the six weeks after Sept. 30, using much of the proceeds to repay debt and preparing further sales to finance AI infrastructure. The sales averaged about $81,039 per coin and equaled roughly 40% of MARA’s 34,012 BTC holdings at the end of the third quarter. The company disclosed the transactions in its third-quarter shareholder letter. MARA used $750 million to repay a term loan backed by Bitcoin, an amount that accounts for most of the sale proceeds.