MARA sold 13,600 bitcoins, raising $1.1 billion.

Since the end of September last year, MARA has sold 13,600 bitcoins, cashing out approximately $1.1 billion, which represents about 40% of its 34,000 bitcoins at the time. The 10-Q filing shows that $750 million of the proceeds will be used to repay Bitcoin mortgage loans from Coinbase Credit and Two Prime, and to release 17,477 Bitcoins as collateral. MARA's revenue for the quarter fell 35% to $164.2 million, and the average price of mined Bitcoin fell 37% to $71,700. MARA plans to continue selling Bitcoin to fund its AI data centers. (Source: Bitcoin News)