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MARA Holdings (NASDAQ: MARA) announced that it sold 15,133 Bitcoin (BTC) between March 4 and March 25, 2026, continuing a strategic effort to strengthen its balance sheet.
The company liquidated $1.1 billion in Bitcoin, according to its March 26 announcement, then allocated $912.8 million for privately negotiated repurchase agreements with select Convertible Senior Notes holders due 2030 and 2031.
With $187.2 million in unused proceeds from the BTC sale, the company captured $88 million in value by retiring over $1 billion of face-value debt at a discount. As a result of this sale, MARA’s cumulative total Bitcoin sell-off surged to 19,209 BTC to date.
“By retiring over $1 billion of face value debt at a discount, we captured approximately $88 million in value that would otherwise have been lost, reduced potential shareholder dilution, and leveraged our bitcoin holdings to meaningfully de-lever the balance sheet on our terms,” MARA Holdings stated.
MARA currently holds 38,689 BTC, valued at approximately $2.68 billion as of this reporting.
Mara Holdings’ Bitcoin sale lifts its stock
As a direct result of the significant Bitcoin sale, MARA stock gained over 9% on Thursday, to trade at approximately $9.15 at the time of publication. At the same time, while the $3.15 billion company capitalised on its BTC holdings, Bitcoin price fell over 3% in the past 24 hours to trade around $69,530 at the time of reporting.
BTC/USD 1-day chart. Source: FinboldDespite this transaction, MARA remains heavily invested in Bitcoin, thereby preserving a strong correlation between its balance sheet and BTC price action. This means that, should Bitcoin continue to decline in the coming weeks and months, MARA stock could fall in tandem.
The post Mara Holdings dumps $1 billion in Bitcoin; Here’s why appeared first on Finbold.
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