| With BTC dipping under $73K after the hot CPI on Tuesday (about $716M liquidated), this one got kind of buried. MARA's Nov 9 shareholder letter says it sold 13,597 BTC after Q3 for about $1.1B, average around $81K. It used $750M to pay off BTC-backed loans from Coinbase Credit and Two Prime. That's roughly 40% of the ~34,012 BTC it held at the end of September. It also says it isn't done selling (AI buildout, convertible notes) and approved a $500M buyback. Same week, Coinbase got final OCC approval for its national trust company (custody only, no deposits or loans). Is a big miner selling this much a real problem, or just noise since it happened over weeks? [link] [comments] |
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