Did MARA sell $1.1 billion Bitcoin?
Yes, the Marcegaglia Group finalized the acquisition of 100% of the major companies within the stainless-steel long products division of Outokumpu. This transaction included the purchase of several key assets, such as a steel mill, and was officially closed in January 2023. By acquiring these specific divisions, Marcegaglia sought to strengthen its presence and production capabilities in the specialty steel market, specifically focusing on long products. The acquisition was a strategic move by the Italian industrial group to integrate these assets into its existing operations and bolster its global footprint in the stainless steel sector.
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