MARA Allows Bitcoin Sales from Corporate Treasury

MARA Holdings, a leading U.S.-based Bitcoin mining company, disclosed in a regulatory filing that it will allow sales of Bitcoin from its corporate treasury starting this year, marking a shift from its long-standing policy of holding the cryptocurrency indefinitely.

The company detailed the change in its annual 10-K form submitted to the U.S. Securities and Exchange Commission on March 2, 2026. Previously, MARA had committed to retaining all mined and purchased Bitcoin as a long-term investment. In the second half of 2025, it began selling portions of newly produced Bitcoin to cover operating expenses, offloading 4,076 Bitcoin for $413.1 million in proceeds. The updated policy now extends this flexibility to the entire balance sheet, permitting sales of existing holdings based on market conditions and capital allocation needs. "We may hold Bitcoin for long-term investment purposes and may also buy or sell Bitcoin from time to time," the filing stated.

As of December 31, 2025, MARA held 53,822 Bitcoin, valued at approximately $4.7 billion at the time. At current prices around $67,700 per Bitcoin, those holdings are worth about $3.64 billion. Roughly 72% of the stash, or 38,507...