MARA sells 13,597 BTC for $1.1 billion -. and plans to sell more.
One of the largest publicly traded Bitcoin miners has become a major source of BTC selling pressure. MARA Holdings sold 13,597 BTC for about $1.1 billion over about six weeks, at an average price of about $81,039 per BTC.
The company used about $750 million of the proceeds to fully repay bitcoin-backed loans, releasing 17,477 BTC previously pledged as collateral. As a result, the percentage of bitcoins left in MARA loaned or pledged has dropped from about 57% to less than 5%.
MARA says it may continue to sell bitcoin to fund AI infrastructure, data center projects, debt repayment and potential stock buybacks.
This marks a significant change in strategy. In 2024, MARA has committed to holding every Bitcoin it mines. In 2025, it began allowing the sale of newly mined BTC. It now also sells accumulated reserves.
MARA has already sold more than 40,000 BTC during 2026.
Important: Large public miners can become a significant source of market supply as they begin to monetize their treasury.
MARA is now doing just that.