MARA sells 13,597 BTC for $1.1 billion, repays $750 million of Bitcoin‑backed loans
Marathon Digital Holdings disclosed that it sold 13,597 Bitcoin for roughly $1.1 billion after September 30. The proceeds were used to retire $750 million of Bitcoin‑collateralized loans, freeing 17,477 BTC that had been pledged as security. The company also authorized up to $500 million of share repurchases and said the cash will support AI‑related data‑center projects and further debt reduction.
Why it matters
The loan repayment reduces Marathon’s collateral risk and lowers its leverage, improving balance‑sheet flexibility for investors. The remaining cash and authorized buyback program give the firm additional tools to return capital or fund growth initiatives, which may affect the stock’s valuation.
Key facts
- 1Marathon sold 13,597 BTC for approximately $1.1 billion. tradingview.com
- 2The average selling price was about $81,039 per BTC. tradingview.com
- 3It used $750 million of the proceeds to repay Bitcoin‑backed loans. tradingview.com
- 4The repayment released 17,477 BTC that had been pledged as collateral. tradingview.com
- 5The company authorized up to $500 million of common‑share repurchases. briefs.co
- 6Q3 revenue fell 35% year‑over‑year to $164.2 million. tradingview.com
Open questions
- Material 1 reports a sale of 15,133 BTC, while all other sources report 13,597 BTC.
Summary written by AlphAI AI Desk from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.