MARA Holdings Reduces BTC Reserves After $46 Million Sale

Nasdaq-listed Bitcoin mining company MARA Holdings has reduced its BTC reserves after selling 726 Bitcoin valued at around $46 million. The transaction lowered the company’s holdings to 35,577 BTC.

The sale moved MARA outside the top three corporate Bitcoin holders after the company previously maintained one of the largest Bitcoin treasuries among publicly traded firms.

MARA still holds a significant position in the crypto market with its remaining Bitcoin reserve valued at roughly $2.3 billion.