MARA Holdings just sold another 726 BTC, bringing its total stash down to 35,577 BTC. A year ago, the company was sitting on nearly 50,000 Bitcoin.
From treasury asset to liquidity tool
MARA’s current holdings of 35,577 BTC represent a 29% decline from the 49,951 BTC it held at the same point last year. The drop is even steeper when measured against the 53,822 BTC the company reported at the end of 2025.
All told, MARA sold around $1.5B worth of Bitcoin during Q1 2026 alone. The remaining 35,577 BTC were valued at approximately $2.1B as of June 30, 2026. Roughly 26% of its total holdings, an estimated 9,270 BTC, have been loaned out or pledged as collateral.
The financial picture isn’t pretty
