MARA disclosed that it sold 13,597 BTC after September 30 for approximately $1.1 billion, at an average price of $81,039 per bitcoin. It used $750 million of the proceeds to repay Bitcoin-backed loans, releasing 17,477 BTC that had been pledged as collateral. The repayment reduced Bitcoin lent or pledged to less than 5% of remaining holdings, down from roughly 57% previously. The move is intended to provide financial flexibility for AI infrastructure and secure the proposed acquisition of Long Ridge, although quarterly revenue fell 35% year over year to $164.2 million. MARA also authorized up to $500 million in share repurchases, but the return on the financed assets will depend on closing the acquisition and securing revenue-producing data-center contracts.
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