MARA Sells 13,597 Bitcoin for $1.1B as Its AI Pivot Reshapes Treasury Strategy
MARA said it sold 13,597 BTC after the end of September for about $1.1 billion, averaging roughly $81,039 per coin. It used $750 million to repay Bitcoin-backed loans, reducing the share of its remaining holdings lent or pledged to less than 5%, from about 57% at the earlier reporting date. The sales shift MARA away from holding mined Bitcoin and provide funding flexibility as it pursues power and data-center opportunities, including the proposed Long Ridge acquisition. The move reduces exposure to a potential Bitcoin price rebound, while expected returns from AI infrastructure remain uncertain: development plans are not signed leases or revenue. MARA also authorized up to $500 million in share repurchases; the authorization does not guarantee spending.
