ChainCatcher report: In its SEC-filed 10-K form, MARA stated that it has revised its digital asset management strategy for 2026 to permit the sale of Bitcoin held on its balance sheet. This policy expands beyond the 2025 restriction, which only allowed the sale of mined Bitcoin. As of December 31, 2025, MARA held 53,822 Bitcoin, valued at $4.7 billion, including 9,377 Bitcoin lent out and 5,938 Bitcoin pledged as collateral for a $350 million credit facility. Additionally, MARA recorded a $422.2 million decline in the fair value of its Bitcoin holdings in 2025 and terminated its transaction agreement with Two Prime in December. In 2025, MARA mined a total of 8,799 Bitcoin, a 7% year-over-year decrease.
MARA Updates 2026 Bitcoin Asset Management Strategy to Permit Sale of Ledger Holdings
ChaincatcherShare
Summary
MARA updated its 2026 asset allocation plan to permit the sale of all Bitcoin on its balance sheet, as disclosed in its SEC 10-K filing. Previously, the 2025 policy allowed only mined Bitcoin to be sold. As of December 31, 2025, the company held 53,822 Bitcoin, valued at $4.7 billion, with 9,377 Bitcoin pledged in loans and 5,938 Bitcoin used as collateral for a $350 million credit line. In 2025, MARA recorded a $422.2 million decline in the fair value of its Bitcoin holdings and terminated its partnership with Two Prime in December. The company mined 8,799 Bitcoin in 2025, a 7% decrease from the prior year. The revised strategy reflects a shift toward more flexible risk management.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.