MARA Sells 13,597 BTC for About $1.1 Billion, Repays Bitcoin-Backed Loans

MARA Holdings disclosed that it sold 13,597 BTC after September 30, 2026, generating approximately $1.1 billion in proceeds.

The company said the sales were completed at an average price of about $81,039 per bitcoin. The disclosure appeared in MARA’s third-quarter SEC filing and shareholder letter published on November 9.

MARA used $750 million of the proceeds to fully repay its bitcoin-collateralized loans. The repayment released bitcoin that had been pledged as collateral.

The company also said it expects to continue monetizing bitcoin to support liquidity and capital projects, including potential AI infrastructure initiatives.

Loan repayment releases pledged bitcoin

MARA said it applied $750 million from the bitcoin sales to repay its bitcoin-collateralized loans in full. According to the company’s disclosures, the repayment released the bitcoin previously pledged as collateral.

The transaction shows MARA using part of its bitcoin holdings to reduce secured debt while preserving liquidity for its operating and capital needs.

MARA outlines further bitcoin monetization

MARA said it expects to continue monetizing bitcoin to provide liquidity and fund capital projects or other initiatives. The company specifically identified AI infrastructure opportunities among the potential uses of capital.

The plan places bitcoin sales alongside the company’s broader infrastructure strategy. MARA’s disclosure does not specify how much bitcoin it intends to sell in future transactions or when further sales may occur.

Board authorizes up to $500 million in repurchases

Separately, MARA disclosed that its board authorized a discretionary share-repurchase program of up to $500 million on November 9, 2026.

The authorization does not require MARA to repurchase a specified amount of shares. It gives the company discretion to make repurchases within the approved limit.

Continue reading: MARA’s wider AI infrastructure strategy on BTCNews.

Continue reading: the mining sector’s shift toward AI data centers on BTCNews.

Sources

• U.S. Securities and Exchange Commission: MARA Holdings, Inc. Form 10-Q for the quarter ended September 30, 2026
• MARA Holdings / U.S. Securities and Exchange Commission: MARA Holdings Q3 2026 Shareholder Letter
• CoinDesk: Bitcoin miner MARA sold 13,597 BTC for $1.1 billion in six weeks, plans to sell more

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