MARA Sells 13,597 Bitcoin to Free 17,477 BTC From Loan Collateral

MARA Holdings sold 13,597 Bitcoin (BTC) after the third quarter, raising about $1.1 billion and repaying $750 million in Bitcoin-backed loans, which released 17,477 BTC from collateral.

The sales averaged $81,039 per coin, about 40% of the 34,012 BTC the company held at Sept. 30. MARA’s loaned or pledged holdings fell to less than 5%, from about 57% at the end of September.

MARA arranged the financing in August while preparing to acquire Long Ridge Energy & Power, an Ohio-based natural gas power company. The $750 million financing included $600 million in new capital and $150 million to refinance an existing facility. MARA management estimated the borrowing and later sale produced a net benefit of about $170 million after costs.

The sale brings MARA’s Bitcoin disposals for the year above 40,000 BTC, following sales of 26,984 BTC during the first nine months. The company began allowing sales of newly mined Bitcoin in 2025 and expanded the policy in 2026 to include its existing holdings. MARA plans to keep using Bitcoin to build cash for AI infrastructure opportunities.