MARA Sells 13,597 Bitcoin for $1.1B as Its AI Pivot Reshapes Treasury Strategy

MARA has put a sizeable number on the changing economics of Bitcoin mining. In its third-quarter shareholder letter , the company said it sold 13,597 BTC after September 30 for approximately $1.1 billion , at an average selling price of about $81,039. It used $750 million of the proceeds to repay Bitcoin-collateralized loans, releasing 17,477 BTC that had been pledged as security. TL;DR: MARA disclosed $1.1 billion of post-quarter Bitcoin sales and repayment of $750 million in BTC-backed borrowing. The miner is increasingly monetizing its coin reserves to support AI infrastructure and other capital priorities. This marks a meaningful departure from its earlier strategy of holding mined Bitcoin.

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