▼Bitcoin Miners Sell Reserves to Fund AI Pivot

Score history

Daily conviction score, 0 to 100. Higher means the thesis is more strongly corroborated.

Now 39 · -2 since Nov 11 · ranged 39 to 41

Showing the last few days. Unlock full score history.

Why the conviction moved

• Nov 11
  Strengthened +1

  MARA sold bitcoin to remove a $750 million collateral risk. The stated driver is reducing debt and collateral exposure rather than AI capex specifically, but it adds to the recurring miner selling the thesis describes.

• Nov 10
  Strengthened

  MARA sold 13,597 bitcoin for $1.1 billion, repaid all its bitcoin-backed loans and said its remaining coins can fund AI data centers, after third-quarter revenue fell 35% to $164.2 million. Over the same period Strategy kept buying at an average of $79,012 per bitcoin.

Source trail

• Supporting · November 11, 2026

  Trump Media Has Pledged 73% of Its Bitcoin to an Options Counterparty as a $1 Billion Note Deadline Nears

  MARA sold bitcoin to remove a $750 million collateral risk. The stated driver is reducing debt and collateral exposure rather than AI capex specifically, but it adds to the recurring miner selling the thesis describes.

  Bitcoin Magazine (Trump Media)

• Supporting · November 10, 2026

  MARA Sells 13,597 Bitcoin for $1.1 Billion and Repays All Its Bitcoin-Backed Loans as Transaction Fees Stay Negligible

  MARA sold 13,597 bitcoin for $1.1 billion, repaid all its bitcoin-backed loans and said its remaining coins can fund AI data centers, after third-quarter revenue fell 35% to $164.2 million. Over the same period Strategy kept buying at an average of $79,012 per bitcoin.

  crypto.news