Bullish

MARA Digital Bitcoin Holdings Drop 34% to 35,577 Coins

2026-08-07 21:55

MARA Digital's BTC treasury fell 34% YoY to 35,577 coins, valued at $2.1B. Q2 saw 2,422 mined vs 2,213 sold, with $1.5B raised in Q1 for debt buybacks.

Woofun AI data shows that MARA Digital Holdings held 35,577 Bitcoin as of June 30, 2026, marking a 34% decline from the 53,822 coins recorded at the end of 2025. This total represents a slight increase from the 35,303 coins held at the end of Q1. At a spot price of approximately $58,524, the portfolio was valued at roughly $2.1 billion, comprising 26,307 unrestricted assets and 9,270 coins lent or staked as collateral.

The reduction in holdings stems primarily from Q1 sales of 20,880 Bitcoin, which generated approximately $1.5 billion used to repurchase convertible bonds and reduce leverage. During Q2, the company mined 2,422 new Bitcoin while selling 2,213 coins. Total liquidity stood at around $2.5 billion in cash and Bitcoin, with revenue reaching $174.9 million, a 27% year-on-year decrease.

WOOFUN AI

Impact Assessment · Quick Read

The significant drawdown in MARA Digital's 比特币 reserves highlights a strategic shift toward deleveraging via asset liquidation rather than accumulation. By converting nearly 21,000 coins into cash to retire debt, the company prioritizes balance sheet stability over long-term treasury growth. This move may signal a broader trend among miners to reduce exposure to 比特币 volatility during periods of high interest rates or operational pressure.
Generated by WOOFUN AI · For reference only, not investment advice

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