I didn't expect one of the largest Bitcoin miners to sell 40% of its coins in six weeks.
MARA sold 13,597 BTC for $1.1B at an average of $81,039. It used $750M to repay BTC-backed loans and says it will keep selling to fund AI datacenters and buy back stock. That puts 2026 sales above 40,000 BTC.
This is the same company that pledged in 2024 to keep every coin it mined.
If the biggest miners would rather own AI datacenters than bitcoin, what is BTC as a treasury asset?
#Bitcoin #Mining
NFA. I trade my own book. DYOR.
MARA sold 13,597 BTC for $1.1B at an average of $81,039. It used $750M to repay BTC-backed loans and says it will keep selling to fund AI datacenters and buy back stock. That puts 2026 sales above 40,000 BTC.
This is the same company that pledged in 2024 to keep every coin it mined.
If the biggest miners would rather own AI datacenters than bitcoin, what is BTC as a treasury asset?
#Bitcoin #Mining
NFA. I trade my own book. DYOR.