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MARA sold 23,093 Bitcoin in H1 2026 for $1.6 billion

MARA sold 23,093 Bitcoin in H1 2026 for $1.6 billion

The miner paired $1.63 billion of Bitcoin sales with fresh BTC-backed borrowing, debt repayment and infrastructure deals as it funded operations and expanded further into energy, AI and data centers.

BTC

Fact Check
MARA's own SEC 10-Q filing (filed August 6, 2026) explicitly confirms the sale of 23,093 BTC for $1.6 billion during H1 2026 and holdings of 35,577 BTC. The Lookonchain X post cited in the claim and Cointelegraph both corroborate the $70,631 average price and $2.3B holdings value. The only minor discrepancy is the holdings valuation (~$2.1B in the 10-Q vs ~$2.3B in the social posts), attributable to price timing, which does not affect the verified core facts.
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Summary

MARA Holdings sold 23,093 BTC in the first half of 2026 at an average price of about $70,631, raising roughly $1.63 billion and ending June with 35,577 BTC worth about $2.08 billion. The sales became the company's main source of investing cash and formed part of a broader treasury shift that now allows MARA to sell balance-sheet Bitcoin, lend coins and use them as collateral alongside debt financing. At June 30, MARA had 4,742 BTC on loan and 4,528 BTC pledged, and it later posted 18,750 BTC to secure $600 million of borrowing from Coinbase Credit and Two Prime. The proceeds helped fund operations, acquisitions and debt reduction, cutting total debt to about $2.4 billion by June 30, while supporting projects including the proposed Long Ridge purchase as MARA expanded into energy, AI and data center infrastructure and reported a $1.87 billion first-half net loss.

Terms & Concepts
  • BTC-backed borrowing: A financing structure in which Bitcoin is pledged to secure a cash loan.
  • collateral: Assets pledged to a lender that can be called on if loan terms are not met.
  • treasury: A company's reserve assets used to manage liquidity, investment and financing needs.