MARA sold 13,597 Bitcoin and repaid $750 million in debt

on November 10, according to The Defiant, Bitcoin miner MARA Holdings sold 13,597 Bitcoin after September 30, generating approximately $1.1 billion. It utilized $750 million of the proceeds to fully repay its Bitcoin-backed term loan, reclaiming the 17,477 Bitcoin previously pledged as collateral.

The company also announced a new stock repurchase authorization of up to $500 million and plans to continue financing AI infrastructure, convertible note obligations, and potential share buybacks through Bitcoin sales. MARA noted that two data center leases originally slated for signing before year-end may be postponed until next year.