# MARA Cashes Out Bitcoin, Repays Loan as Holdings Drop

> MARA Holdings sells 13,597 Bitcoin to repay $750 million loan, cutting pledged holdings below 5%.
- Title: MARA Cashes Out Bitcoin, Repays Loan as Holdings Drop
- Summary: MARA Holdings sells 13,597 Bitcoin to repay $750 million loan, cutting pledged holdings below 5%.
- Keywords: mara holdings, bitcoin, collateralized loan, stock buyback, ai infrastructure, data centers, gpu compute, long ridge, markets, BigGo Finance
- Source: BigGo Finance — https://finance.biggo.com/news/f390058d-1d4f-49de-a357-2b5174713e06
- Author: BigGo Finance
- Published: 2026-11-10T05:56:34+00:00
- Read time: 1 min
- Topics: mara holdings, bitcoin, collateralized loan, stock buyback, ai infrastructure, data centers, gpu compute, long ridge, finance, markets
## MARA Sells Bitcoin
MARA Holdings sold 13,597 Bitcoin since end of September, raising about $1.1 billion.
## Repaying $750 Million Loan
MARA deployed $750 million to repay Bitcoin-collateralized loan, cutting pledged holdings from 57% to below 5%.
## AI Infrastructure Funding
MARA will use Bitcoin sales to fund AI infrastructure, convertible bond obligations, and potential stock buybacks.
## Quarterly Revenue Drop
Third-quarter revenue fell 35% year over year to $164.2 million, missing market expectations.
## Unrealized Gain
Net income of $632.1 million included $885.3 million unrealized Bitcoin gain.
## Data Center Leases
Two data center leases expected by year-end may slip into 2027, affecting transformation strategy.
## Long Ridge Acquisition
Long Ridge natural gas plant acquisition approved by FERC, expected to close by year-end.
## GPU Contract Signed
Exaion signed $79 million GPU contract with first U.S. customer on 100% take-or-pay terms.
## Key takeaway

MARA Holdings sold 13,597 Bitcoin to repay $750 million collateralized loan, reducing pledged holdings to below 5%.