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CryptoMediumUpdated•Originally published 4 March 2026•Updated 4 March 2026•
1 min read

MARA Holdings May Sell Entire $3.8 Billion Bitcoin Holdings, Testing Market Liquidity

Key Facts

1MARA Holdings updated its treasury policy in a filing with the US Securities and Exchange Commission (SEC).
2The new policy allows the company to sell Bitcoin from its balance sheet, a shift from its long-standing long-term holding strategy.
3The potential value of Bitcoin sales could reach up to $3.5 billion.

MARA Holdings has officially updated its treasury policy in a recent SEC filing, signaling a potential liquidation of its entire Bitcoin portfolio. This strategic shift marks a complete departure from its previous long-standing "HODL" approach, with the estimated value of the holdings now revised upward to $3.8 billion. The prospect of selling the entire stash presents a significant liquidity test for the broader cryptocurrency industry. The company seeks greater capital flexibility, potentially using the proceeds to fund operations or restructure existing debt obligations more efficiently. As one of the largest institutional holders of digital assets, MARA's potential exit creates substantial sell-side pressure on the BTC/USD exchange rate. Analysts are closely monitoring the market's reaction and the impact on the company's stock performance as investor sentiment regarding mining strategies shifts.