Business1 source
MARA dumps Bitcoin to erase a $750M collateral risk
Headline from CryptoSlate
Key points
- Bitcoin mining firm MARA has sold a portion of its Bitcoin holdings to eliminate a collateral risk valued at 750 million dollars.
- Moving forward, the company intends to monetize Bitcoin to fund infrastructure projects, potential share buybacks, and bond puts exercised by holders, while utilizing dated cash reserves and alternative financing options as additional capital sources.
Summarized automatically by Kryptokite from reporting by CryptoSlate. Read the original sources for full detail.
Coins mentioned
Sources
- CryptoSlateMARA dumps Bitcoin to erase a $750M collateral risk · 2 hours agoRead on CryptoSlate
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