MARA mining company sells 15,133 Bitcoin to settle debts worth 1 billion dollars.

• Average selling price: 65,300$

• Average purchase cost: 80,900$

• Loss on each Bitcoin: about 15,600$


15,133 × 15,600 ≈ 236 million dollars loss

It is true that they saved about 88 million dollars because they bought their debts at a 9% discount,

but in the end:
the net loss is approximately 148 million dollars. The company reduced its debts, but paid a high price for that.