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Ahmed Barakat

MARA reportedly sold about $1.5B in Bitcoin and paused new mining hardware buys

Marathon Digital Holdings (MARA) has reportedly sold about $1.5 billion in Bitcoin, offloading roughly 20,880 BTC at an average price near $70,137 per coin, and said it will not buy additional mining hardware as it shifts focus toward AI infrastructure. The company's Bitcoin holdings were described as falling from 38,689 BTC to about 35,303 BTC, with proceeds used to repurchase convertible notes and reduce total debt from $3.3 billion to $2.3 billion.
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