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数链先行

06/16 17:41

Popular crypto firm reportedly makes big return to Bitcoin

Explained: What is Bitcoin mining? (6:23)

MARA Holdings (Nasdaq: MARA) is one of the leading crypto companies and the world's largest publicly listed Bitcoin (BTC) miner. It is also one of the largest holders of Bitcoin.

Bitcoin mining is the process of using specialized computing systems to solve cryptographic functions to verify and add blocks containing BTC transactions to the blockchain network. In return, miners receive rewards in the form of newly minted BTC.

As Bitcoin mining is no longer as profitable as earlier due to lower rewards and declining price, many miners are pivoting to running artificial intelligence (AI).

Related: What is Bitcoin mining? Explained

MARA ventures into AI, trims Bitcoin holdings

MARA Holdings is no exception, as it is also dedicating its resources to running AI operations. The company has already deployed AI inference racks at its Granbury, Texas data center.

In August last year, MARA acquired a 64% stake in Exaion, a firm that develops and operates high-performance computing (HPC) data centers and provides secure cloud and AI infrastructure.

In November, MARA announced that MPLX LP (NYSE: MPLX) will facilitate natural gas supply from its Delaware plants to MARA's planned electricity generation facilities in West Texas. The goal is to transition to advanced AI/HPC workloads.

The company made a major announcement on March 26 this year that it sold 15,133 Bitcoin for approximately $1.1 billion during March 4-25, reducing its holdings to 38,689 BTC. It said it sold Bitcoin to strengthen its balance sheet.

It wasn't a shocking announcement then, given that Bitcoin had dropped 45% lower than its record high price of $126,080 that it had reached in October 2025.

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MARA reportedly buys Bitcoin worth $66.7 million 

On June 16, the onchain analytics platform Lookonchain disclosed that MARA Holdings has reportedly purchased 1,000 Bitcoin worth $66.7 million via the FalconX crypto prime brokerage platform.

MARA(@MARA) seems to have bought 1,000 $BTC($66.7M) via #FalconX.

In Q1 2026, MARA sold 20,880 $BTC($1.5B) at an average price of $70,137.https://t.co/fTOd8FQMxRhttps://t.co/G0z3UpSmaJ pic.twitter.com/IUILAlwx5i

— Lookonchain (@lookonchain) June 16, 2026

Bitcoin has surged to around $66,000 as the peace deal between the U.S. and Iran nears signing.

The reported purchase marks a major return to Bitcoin for the company, which had sold over $1 billion worth of BTC only a few months earlier.

TheStreet Roundtable reached out to MARA for a confirmation on the reported Bitcoin purchase and did not receive a response by the time of publication.

Related: Explained: What is sustainable Bitcoin mining?
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