MARA sold 13,597 bitcoin for about $1.1 billion over a six-week stretch, using the proceeds to retire every loan backed by its own BTC. The company confirmed it plans to keep selling, and framed what's left of its treasury as funding for AI datacenters.
The disclosure lands as miners keep hunting for a second revenue line beyond block rewards. MARA's move turns a chunk of its balance sheet into cash and, at least on paper, debt-free bitcoin.
Six weeks, $1.1 billion
MARA didn't dribble the sales out — it ran them across roughly a month and a half and pulled in $1.1 billion. That pace matters. Selling 13,597 coins in a single print would have been a headline event on its own; spreading it over six weeks kept the disposal quieter while still raising serious cash.
The company hasn't said exactly which days it sold or how the sales were executed. What it has confirmed is the headline number and the window. For a miner sitting on one of the largest corporate bitcoin stacks, moving that much supply is a deliberate choice, not a housekeeping trade.
The loans are gone
The proceeds went to clearing all bitcoin-backed loans. That's the part of this story that changes MARA's risk profile. Collateralized borrowing gives a miner liquidity without selling coins, but it also ties the company to lender terms and, if the price slides, to margin pressure. MARA just took that exposure off the table.
No lender is named in the disclosure, and MARA hasn't detailed the terms it paid off. What's clear is the result: no bitcoin-secured debt remains on the books.
More sales are coming
MARA isn't stopping. The company says it plans to sell more of its bitcoin holdings, which makes this week's $1.1 billion transaction look less like a one-off and more like a policy shift — or at least a standing program.
That's a notable stance for a miner. Holding coins has been the default posture for years, and a decision to keep trimming suggests management wants cash on hand for something other than buying more hashpower.
The AI datacenter plan
That something is AI datacenters. MARA says its remaining bitcoin can fund those builds. It's a straightforward strategy: convert a volatile asset into infrastructure that can generate revenue independent of bitcoin's price.
The company hasn't said how much the datacenter buildout will cost, where the sites will go, or how the remaining coins get converted. It also hasn't given a timeline. Those details will decide whether this is a disciplined pivot or an expensive detour.
The open question is simple. MARA has told the market it will keep selling bitcoin. The next disclosure will show how much — and whether the AI buildout has a budget attached yet.
