The Nasdaq-traded bitcoin mining company MARA Holdings has attracted attention with its large-scale bitcoin sales in the first half of the year. According to data from the analytical platform Lookonchain, the company sold a total of 23,093 $BTC in the first six months of 2026, worth approximately $1.6 billion.
After these sales, MARA Holdings' bitcoin reserves have decreased significantly, and the company still holds 35,577 $BTC. Based on current market prices, the total value of the bitcoins held by the company is estimated to be around $2.3 billion.
MARA Holdings stands out as one of the largest publicly traded companies in the bitcoin mining sector. The company holds the bitcoins obtained from mining on its balance sheet and periodically sells them depending on market conditions and funding needs.
The 23,093 $BTC sold in the first half of the year represent a significant portion of the company's existing reserves. The sales, valued at approximately $1.6 billion, demonstrate MARA's continued active management of its bitcoin. The company's remaining 35,577 $BTC remains one of the largest institutional holdings in the bitcoin mining sector.
Bitcoin miners' decisions to sell their holdings are closely watched in the cryptocurrency market. Mining companies may sell a portion of their mined $BTC to cover costs for electricity, equipment, operational and financial expenses. Especially during periods of high bitcoin price volatility, these sales made to raise cash are considered to impact market supply.
MARA's sales demonstrate the company's commitment to liquidity management as well as its strategy of holding bitcoin as a long-term treasury asset. Nevertheless, the fact that the company still holds around $2.3 billion in bitcoin indicates that this digital asset maintains its importance on the corporate balance sheet.
Whether MARA Holdings will increase its remaining bitcoin reserves or conduct new sales in the near future will be closely monitored. In particular, changes in the bitcoin price, mining costs, and the company's cash needs could be decisive for its future reserve policy.
*This is not investment advice.
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