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Cryptocurrency miner MARA Holdings Inc. fell more than 12.67% at one point, hitting a low of $17.36 since July 8. Bitcoin also fell more than 1.4%, dropping below $117,000 in early US trading. On the daily chart, it has been oscillating at high levels recently, breaking through $123,000 on July 14. Bloomberg cited sources saying that the company has issued $850 million in zero-coupon convertible bonds, which will be used to purchase Bitcoin, strategic acquisitions, debt repayment, etc. The latest data shows that as of July 7, the company owns over 50,000 bitcoins.
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