Cointime update: MARA Holdings repaid $750 million of bitcoin-collateralized debt by selling bitcoin after the quarter ended, with all previously pledged BTC now released and less than 5% of its holdings lent or staked. The board approved a buyback of up to $500 million. MARA held 34,012 BTC as of Sept. 30, mined 2,247 and sold 3,891 in Q3, when revenue fell 35% year over year to $164.2 million and net income was $632.1 million.
MARA Sells Bitcoin to Repay $750M Debt, Approves $500M Buyback
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