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.

MARA also ended Q2 with a revenue loss, reporting $174.9 million in revenue, a 27% year-over-year decrease from $238.5 million in Q2 2025, and missing analyst expectations of approximately $209 million.

The Q2 loss was followed by another $1.5 billion in Bitcoin sales, intended to improve the company’s liquidity and retire debt.

MARA sells BTC as it shifts business to AI

Amid the losses, MARA has been mulling plans to shift from mining as its core business. 

The company partnered with Starwood Capital Group to convert mining sites into data centers built for AI and high-performance computing workloads, an arrangement that Cryptopolitan reported could deliver about 1 gigawatt of IT capacity initially and scale beyond 2.5 gigawatts.

Layoffs followed the Q1 sale, hitting multiple departments over two days in early April.

During its Q1 earnings report, MARA said it doesn’t expect to acquire more specialist ASIC machines for mining.

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