MARA sells 13,597 bitcoin and repays crypto-backed loans

November 9, 2026. MARA Holdings said it sold 13,597 bitcoin after the end of the third quarter for approximately $1.1 billion. It used $750 million to repay bitcoin-backed loans, releasing 17,477 bitcoin previously pledged as collateral.

In the quarter ended September 30, the company produced 2,247 bitcoin, up 5% from a year earlier. Revenue declined 35% to $164.2 million, primarily because of a lower average price for bitcoin mined, its quarterly filing said.

Why it matters

The transaction shows how a miner can use its holdings both to borrow and to reduce debt. Releasing collateral restores flexibility over previously committed assets.

Rockstar Briefing editorial analysis

Producing more bitcoin did not guarantee higher revenue: price was also decisive. Repaying loans adds flexibility, while the sale reduces assets available. Investors should watch cash generation and remaining exposure before extrapolating these results.

Sources: MARA shareholder letter filed with the SEC and MARA quarterly report. AI-generated illustration.

ROCKSTAR BRIEFING

Information to understand business and anticipate what comes next.

A digital publication in Spanish and English.

EXPLORE

Business

Technology

Artificial Intelligence

Markets

Cryptocurrency

Economics

GET THE BRIEFING