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MARA Sells Bitcoin Holdings to Eliminate $750 Million Collateral Risk
(2 hours ago) · 1 source · Summarized by CryptoBipto
MARA, a major Bitcoin mining company, has sold a portion of its Bitcoin holdings to address a $750 million collateral obligation. The move was aimed at reducing financial risk tied to collateralized debt arrangements involving the company's Bitcoin reserves.
WHY IT MATTERS
Bitcoin mining companies like MARA earn Bitcoin by running powerful computers that help process transactions on the Bitcoin network.
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SOURCES
- cryptoslate.com
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