According to its Q3 2026 report filed on November 9, Marathon Digital Holdings (MARA) sold 13,597 BTC for approximately $1.1 billion at an average price of $81,039 after the quarter ended. The sale represented 40% of the company's September 30 holdings of 34,012 BTC. MARA used $750 million from the sale to fully repay bitcoin-collateralized loans from Coinbase Credit and Two Prime, unlocking 17,477 pledged BTC. The loans were borrowed on August 4 at a BTC price around $64,000; the subsequent sale at the higher price generated an estimated $170 million net gain.

View Source

Disclaimer: This content is for informational purposes only and does not constitute investment advice or encourage the buying or selling of crypto assets. It is intended to provide information about industry developments and is not directly related to the services offered by Gate TR. Although information obtained from third-party sources has been carefully reviewed, Gate TR assumes no responsibility for any errors or omissions. Crypto assets involve high risks and may experience significant price fluctuations. Before making any investment decisions, you should assess your financial situation and risk tolerance, conduct your own research, and make decisions independently.