MARA Executive Rejects Large-Scale Bitcoin Sell-Off Claims, Clarifies Treasury Strategy

MARA Holdings, formerly Marathon Digital, is one of the world's largest publicly traded Bitcoin miners and has long centered its strategy on holding the Bitcoin it produces. The company held 53,822 Bitcoin as of December 31, 2025, worth about $4.7 billion at that day's price. Any change to its treasury policy therefore affects market assessments of potential selling pressure.

MARA filed its 2025 Form 10-K on March 2, 2026, disclosing that it may sell Bitcoin from its balance sheet in response to market conditions and capital-allocation needs. However, Vice President of Investor Relations Robert Samuels rejected claims on March 3 that the company planned a large-scale liquidation, stressing that its core strategy remained unchanged. MARA sold 4,076 Bitcoin in 2025 for $413.1 million.