The post MARA Holdings’ Bitcoin Sell-Off: 15,000 BTC Liquidated As Prices Crash Below $69,000 appeared on BitcoinEthereumNews.com.

Bitcoin (BTC) slipped below $69,000 on Thursday, erasing gains seen earlier in the week as MARA Holdings (MARA), the largest crypto mining company in the United States, disclosed a substantial liquidation of its BTC holdings to fund an expansion into artificial intelligence (AI) computing. MARA Shares Climb On Debt-Repurchase Plan In its disclosure covering March 4–25, MARA said it sold 15,133 BTC for roughly $1.1 billion. The sale reduced Marathon’s holdings by roughly 28% from the 53,822 BTC it held at the start of March, according to BitcoinTreasuries.net data. The market reaction to the move was notable on both fronts. Bitcoin’s price retreated to approximately $68,997 at the time of writing — a decline that places the cryptocurrency more than 45% below its record highs near $126,000 set during last year’s rally.  Meanwhile, MARA stock rose almost 7% intraday, bringing the stock closer to the $9-per-share level as investors digested the company’s pivot toward AI and high-performance computing. The Bitcoin miner said the proceeds from the sale will be used to repurchase $1 billion in convertible bonds maturing in 2030 and 2031 through privately negotiated buyback agreements expected to close on March 30 and March 31.  Management framed the transaction as a strategic refinancing move that both strengthens the balance sheet and increases financial flexibility. MARA CEO Fred Thiel stated:  This transaction enhances financial flexibility and increases strategic optionality as we expand beyond pure-play bitcoin mining into digital energy and AI/[high-performance computing] infrastructure. Sale Sees Holdings Fall To 38,689 Bitcoin In a similar vein, MARA Holdings’ CEO emphasized the sale was a deliberate capital-allocation decision intended to position the company for long-term growth.  By retiring more than $1 billion of face-value debt at a discount, the company said it captured approximately $88 million in value that otherwise might have been…

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Filed under: News - @ March 26, 2026 6:29 pm