In a bold move, Bitcoin mining leader MARA, previously known as Marathon Digital, has acquired 1,000 Bitcoin, which translates to about $66.7 million. This transaction was facilitated through the institutional trading platform FalconX. This purchase comes on the heels of a massive selling wave earlier in 2026, during which MARA divested 20,880 Bitcoin for roughly $1.5 billion.
At the start of the year, MARA revised its digital asset management strategy for 2026, allowing for the sale of Bitcoin held on its balance sheet. This marked a significant shift from its 2025 policy, which restricted sales to only newly mined Bitcoin. Notably, on February 6, 2026, MARA transferred 1,318 BTC, valued at nearly $87 million at that time, to various institutional custody and liquidity platforms, including Two Prime, BitGo, and Galaxy Digital.
Between March 4 and March 25, 2026, the company further sold an impressive 15,133 Bitcoin for around $1.1 billion. The funds generated from these sales were earmarked for a $1.0 billion privately negotiated repurchase of its outstanding Convertible Senior Notes due in 2030 and 2031. This strategic financial maneuver allowed MARA to secure approximately $88.1 million in cash savings before transaction costs.
MARA’s Chairman and CEO Fred Thiel emphasized that the objective was to improve the company’s balance sheet and mitigate any potential dilution for shareholders. It’s worth noting that MARA wasn't alone in this selling trend; publicly traded Bitcoin miners collectively offloaded over 32,000 BTC in Q1 2026, setting a new record for quarterly miner sales.
