Update
MARA Repays Bitcoin Loans
Bitcoin miner MARA Holdings repaid all of its bitcoin-backed loans totaling $750 million using proceeds from the sale of 13,597 BTC for about $1.1 billion. The sale was disclosed in MARA’s quarterly report filed with the SEC on Nov. 9, and the company used $750 million of the proceeds to repay the loans. The remaining BTC holdings are now less than 5% of the total, decreasing the company's exposure to bitcoin price volatility.