MARA Holdings sold approximately 23,093 BTC during the first half of 2026, generating roughly $1.6 billion in total proceeds. The company still held 35,577 BTC as of June 30, valued at around $2.1 billion at a spot price near $58,524. A single transaction in March 2026 accounted for much of the selling, with 15,133 BTC sold for approximately $1.1 billion. Q2 2026 revenue came in at $174.9 million, but MARA reported a net loss of approximately $611 million, heavily driven by mark-to-market adjustments on its digital asset portfolio. In August 2026, MARA pledged 18,750 BTC as collateral to secure $600 million in borrowing.
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