MARA Holdings sells $1.63 billion of Bitcoin in the first six months of 2026
MARA Holdings sold $1.63 billion in Bitcoin in the first six months of 2026.
In a Form 10-Q filing, MARA disclosed that it sold approximately 23,093 BTC in the half-year ended June 30th, which works out to roughly $70,631 per coin.
The sale represents nearly 34% of MARA’s Bitcoin treasury at the end of last year. At the time, the company held 53,822 BTC, making it the second-largest Bitcoin treasury.
MARA currently holds 35,577 BTC as of June, following Strategy, Twenty One Capital, and Metaplanet.
MARA offloads BTC amid quarter losses
The company said the proceeds were used to fund operations, growth opportunities, and manage liquidity.
MARA suffered revenue losses in the first two quarters of the year, amid the decrease in Bitcoin’s price.
The Q1 revenue dropped 18% from a year earlier at $174.6 million. Amid the loss, MARA sold 15,133 BTC for roughly $1.1 billion to retire convertible notes due in 2030 and 2031.
That transaction trimmed MARA’s outstanding debt to about $2.29 billion from $3.29 billion at the end of 2025, saving the company roughly $88.1 million in cash.
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