FeesSafety
Pluang+

MARA sold 13,597 Bitcoin post-Q3, raising $1.1B to repay loans, fund AI, and buy back shares.

Market News
10 Nov 2026, 05:33 WIB
BeInCrypto
View Source
Neutral
MARA sold 13,597 Bitcoin post-Q3, raising $1.1B to repay loans, fund AI, and buy back shares.

Marathon Digital Holdings (MARA) sold 13,597 Bitcoin after Q3, generating about $1.1 billion. The proceeds were mainly used to repay $750 million in Bitcoin-backed loans tied to a natural gas power plant purchase, freeing up collateral. MARA plans further Bitcoin sales to enhance financial flexibility, fund AI projects, and support a $500 million share buyback program. Despite a 35% drop in Q3 mining revenue, MARA posted a $632 million net income due to unrealized Bitcoin gains. The company's strategy signals ongoing monetization of Bitcoin holdings while maintaining Bitcoin as its core business foundation.

Marathon Digital Holdings' Bitcoin sales provide context for cryptocurrency market activity. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Nov 10, 2026 10:21 WIB: 33 of 50 major cryptocurrencies rose today. EOS gained 8.13% to Rp12,649, BAT rose 7.50% to Rp2,379 with 99% buy orders, and AVAX increased 7.09% to Rp155,358 with 59% sell orders.

More News

Ankr bridge lost $304,500 due to forged withdrawal receipts exploiting system verification gap

Ankr bridge lost $304,500 due to forged withdrawal receipts exploiting system verification gap

Ankr's cross-chain bridge suffered a $304,500 loss after an attacker submitted five forged withdrawal receipts with valid signatures. These receipts referenced the same legitimate transaction on Optimism but altered recipient, token, and withdrawal a...

Market News
Bearish
5 hours ago
Altcoin spot ETFs see outflows in XRP, SOL, HYPE, and ZEC on Nov 9, 2026, with no net inflows recorded.

Altcoin spot ETFs see outflows in XRP, SOL, HYPE, and ZEC on Nov 9, 2026, with no net inflows recorded.

On November 9, 2026, altcoin spot ETFs experienced net outflows, particularly in XRP, SOL, HYPE, and ZEC, while other tracked altcoins showed no net inflows or outflows. XRP spot ETFs saw $10.42 million in withdrawals, mainly from Bitwise XRP, and SO...

Bearish
5 hours ago
Raycash launches Ethereum beta for private stablecoin payments with encrypted balances and no ETH needed.

Raycash launches Ethereum beta for private stablecoin payments with encrypted balances and no ETH needed.

Raycash has started a beta on the Ethereum mainnet for private stablecoin payments, encrypting user balances and transaction amounts. The service supports USD Coin (USDC) converted into confidential tokens under the ERC-7984 standard, allowing privat...

Protocol Fundamentals
Bullish
5 hours ago
Wallet with perfect 7-round ETH trade adds 4,223 ETH, raising total to 24,500 ETH worth $52M

Wallet with perfect 7-round ETH trade adds 4,223 ETH, raising total to 24,500 ETH worth $52M

A cryptocurrency wallet with a flawless seven-round trading record for Ethereum (ETH) increased its long position by 4,223.37 ETH on November 9, bringing its total holdings to 24,500.49 ETH, valued at approximately $52.01 million. This addition, wort...

Technical Signals
Bullish
5 hours ago
Lincoln Educational Services posts strong Q3 revenue growth, targets 17.5%-18.3% annual returns by 2030

Lincoln Educational Services posts strong Q3 revenue growth, targets 17.5%-18.3% annual returns by 2030

Lincoln Educational Services Corporation reported Q3 2026 revenue of $159.2 million, a 12.6% increase year-over-year, beating estimates by $6.9 million. The company showed strong enrollment and profitability improvements, with management focusing on ...

Company Fundamentals
Bullish
5 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App