MARA Sells 13,597 BTC for $1.1B and Plans Further Sales

MARA Holdings sold 13,597 bitcoin at an average price of about $81,039 after the third quarter, raising roughly $1.1 billion and reversing its former full-HODL approach. The sale equaled about 40% of the 34,012 BTC held at quarter-end. MARA used $750 million of the proceeds to repay bitcoin-backed loans and release 17,477 BTC pledged as collateral, reducing the share of its holdings that remain loaned or pledged from 57% to less than 5%. The miner said it expects to continue monetizing bitcoin to fund AI infrastructure, meet future debt obligations and potentially support a $500 million share-buyback program.