Bitcoin miner MARA sold more than 40,000 BTC in 2026 and said it plans to keep using its Bitcoin holdings to generate cash for investments such as AI infrastructure.
A third-quarter shareholder letter reported by CoinDesk revealed how MARA has moved away from its Bitcoin accumulation policy. In July 2024, the company pledged to hold the Bitcoin it mined and make additional purchases on the market. After allowing sales of newly mined BTC in 2025, MARA expanded the sales to include Bitcoin it had accumulated earlier this year.
How did MARA’s Bitcoin sales top 40,000 BTC?
MARA sold 26.984 BTC in the first nine months of the year. Adding the 13.597 BTC it sold for $1.1 billion over roughly six weeks after the end of September brought total sales to 40.581 BTC. Of the proceeds from the latest sale, $750 million was used to repay Bitcoin-backed loans, freeing up 17.477 BTC that had been pledged as collateral.
What’s next for AI investments?
The company wants to continue generating cash from Bitcoin to fund opportunities in AI infrastructure. It expects to complete the acquisition of the Long Ridge natural gas power plant, part of this plan, in the coming weeks. The plant is authorized to sell up to 485 megawatts of electricity, and the surrounding land could provide space for a data center development.
MARA aims to sign two new data center lease agreements by the end of the year, but says negotiations could extend into 2027.
Not investment advice.