MARA Sells 13,597 BTC for $1.1 Billion to Fund AI Data Centers

MARA sold 13,597 BTC over six weeks to raise $1.1 billion at an average price near $81,039, about 40% of the 34,012 BTC it held at quarter end. The Bitcoin miner used $750 million to repay its BTC collateralized term loan and released 17,477 BTC from collateral. MARA says it will keep selling Bitcoin to fund AI data centers, next year's convertible note put option and possible buybacks.