How much bitcoin did MARA sell from its holdings, what did the reported cash do, and how did that sit next to the company’s mining results for the quarter?
Odaily Planet Daily reported on November 11, 2026, at 23:29 (UTC+8), that Bitcoin News said on X that MARA had sold 13,597 bitcoin since the end of September of the prior year, as phrased in that report. The sales raised about $1.1 billion and accounted for about 40% of the roughly 34,000 bitcoin MARA held at that time. Those figures describe a company treasury sale. They are not network hashrate, difficulty, or hashprice, and the report does not give a sale-by-sale schedule, an average sale price, or the bitcoin balance left afterward.
MARA’s 10-Q, as cited in the same report, shows that $750 million of the proceeds repaid bitcoin-backed loans from Coinbase Credit and Two Prime. That repayment released 17,477 bitcoin posted as collateral. The 17,477 figure is collateral freed, not the 13,597 bitcoin sold. The report does not split the $750 million between the two lenders or state interest, fees, or remaining loan balances.
In that quarter, MARA’s revenue fell 35% to $164.2 million. The average price of the bitcoin it mined fell 37% to $71,700. Both are company results for the quarter, not network-wide mining metrics and not a forecast. The report does not provide power cost, hardware cost, or other inputs behind the revenue figure, so it does not support a cost or margin calculation.
MARA plans to keep selling bitcoin to fund AI data centers. The report states that as a plan. It does not say how much of the roughly $1.1 billion has already gone to those centers, or on what timetable.
Original report: Odaily, November 11, 2026, 23:29 (UTC+8).
