MARA disclosed that it sold 13,597 bitcoin for about $1.1 billion after the end of the third quarter of 2026. It repaid $750 million in loans from Coinbase Credit and Two Prime, releasing 17,477 BTC pledged as collateral. MARA said less than 5% of its bitcoin holdings remain loaned or pledged.
MARA’s third-quarter revenue fell 35% from a year earlier to $164.2 million, while the average price of the bitcoin it mined fell 37% to $71,688. Its board authorized a share buyback of up to $500 million. MARA is targeting two AI data center leases before year-end but warned that the timing could slip into the following year.
