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Home»Mining»Crypto Miner MARA Buys 1,000 Bitcoin
Mining

Crypto Miner MARA Buys 1,000 Bitcoin

June 16, 2026No Comments2 Mins Read

Bitcoin mining giant MARA (formerly Marathon Digital) has purchased 1,000 $BTC, valued at approximately $66.7 million.

The transaction has been executed through the institutional platform FalconX.

This comes following the company’s aggressive streak of selling that took place during the first quarter of 2026.

During that specific period, MARA sold a staggering 20,880 Bitcoin for roughly $1.5 billion.

MARA’s previous Bitcoin sales

Early in the year, the company amended its digital asset management policy for 2026, making it possible to sell the coins that it holds on its balance sheet.

This was a significant departure from its 2025 policy, which only permitted the sale of newly mined Bitcoin.

On Feb. 6, MARA transferred 1,318 $BTC, worth nearly $87 million at the time, to institutional custody and liquidity platforms, including Two Prime, BitGo, and Galaxy Digital.

Between March 4 and March 25, 2026, the company had sold a staggering 15,133 Bitcoin for an aggregate sale price of roughly $1.1 billion.

The proceeds from the March sales were allocated to fund a $1.0 billion privately negotiated repurchase of the company’s outstanding 0.00% Convertible Senior Notes due in 2030 and 2031.

MARA captured approximately $88.1 million in cash savings before transaction costs.

MARA Chairman and CEO Fred Thiel explained that the goal was to de-lever the balance sheet and avoid future shareholder dilution.

MARA was not the only mining firm dumping Bitcoin. Publicly listed Bitcoin miners collectively sold more than 32,000 $BTC in Q1 2026. This was a new record for single-quarter miner sales.

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