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🪙 $MARA sells 15,133 BTC for $1.1B
$MARA Holdings sold 15,133 BTC between March 4 and March 25, raising about $1.1B. The funds are being used to buy back convertible debt early.
The company built a large part of its stack above $87K. At current prices, that puts realized losses on purchased coins at over $200M.
One of the biggest public miners just turned seller to clean up the balance sheet.