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MARA Stock Drops 5% After Selling $1.5B in Bitcoin – Here’s Why
By Trader Edge at 2026-05-13 04:37
Sentiment: Negative
TLDR MARA stock dropped 5% on Tuesday to around $12.65 after reporting a Q1 net loss of $1.26 billion, more than double last year’s loss. The company sold 20,880 BTC worth ~$1.5 billion in Q1, using $1.1 billion to buy back convertible notes and reduce debt by ~30%. MARA is pivoting from Bitcoin mining to [...] The post MARA Stock Drops 5% After Selling $1.5B in Bitcoin – Here’s Why appeared first on CoinCentral. Continue reading...
Categories: Stocks
Tags: #Stocks
Source Coin Central