MARA Sells $1.1B in BTC to Repay $750M in Debt
The repayment cuts collateral risk, but a 35% revenue decline and a 36% drop in holdings signal a defensive reset for a major Bitcoin miner.
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The repayment cuts collateral risk, but a 35% revenue decline and a 36% drop in holdings signal a defensive reset for a major Bitcoin miner.
The transaction challenges the idea that corporate BTC treasuries are permanent holders, showing how debt and liquidity needs can turn balances into market supply.