MARA sold $1.63B in Bitcoin as treasury holdings fell in 2026

MARA Holdings has sold about 23,093 Bitcoin for roughly $1.63 billion during the first half of 2026, turning a large part of its BTC treasury into cash as it funded operations, investments and liquidity needs. Summary MARA sold about 23,093 BTC for roughly $1.63 billion during the first half of 2026. The company ended June with 35,577 BTC valued at about $2.1 billion. Bitcoin sales were used to fund operations, growth investments and liquidity needs. MARA later pledged 18,750 BTC to secure $600 million of incremental borrowing from Coinbase and Two Prime. The company is using its Bitcoin reserves alongside debt financing to support projects including the planned Long Ridge acquisition. According to MARA’s Aug. 6 Form 10-Q filing with the U.S. Securities and Exchange Commission, the Bitcoin was sold at an average price of $70,631 during the six months ended June 30. The company said the sales were part of its strategy to fund operations, support growth opportunities and manage liquidity. The transactions came after MARA changed how it manages its Bitcoin reserves. Having allowed sales of newly mined Bitcoin in 2025, the company expanded the policy in 2026 to permit sales of BTC alre...