The biggest Bitcoin miner just sold $1.1B in BTC at a LOSS to pay off debt


They sold 15,133 BTC at roughly $72,700 each
MARA's cost basis was around $80,900 per coin
They used the $1.1 billion to buy back their debt at a 9% discount and their stock pumped 10% because of the headlines
The same week Strategy bought another 1,031 BTC and announced a $44 billion raise to keep buying
One is selling at a loss to survive
The other is raising $44 billion to buy more at the same price
BTC-4.27%
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin