MARA Holdings, recognized as one of the leading Bitcoin mining enterprises globally, has dismissed rumors suggesting it intends to sell off most of its Bitcoin assets amid speculation about changes in its treasury management strategy.
This clarification was provided by Robert Samuels, MARA’s vice president for investor relations, through a post on X. He emphasized that the company’s fundamental approach to managing its Bitcoin ($BTC) reserves remains unchanged.
Samuels’ statement directly addressed claims made by SwanDesk advisor Jacob King. King had asserted on Tuesday that MARA was moving towards a strategy focused on liquidating significant portions of its Bitcoin holdings, referencing filings submitted to the U.S. Securities and Exchange Commission. At the time of this writing, King’s commentary had attracted over 325,000 views.
To clarify further, Samuels highlighted MARA’s 2026 10-K report which indicates an expansion in their policy allowing potential sales of Bitcoins held on their balance sheet.
Source: MARA
“Our 2026 10-K explicitly mentions that we have broadened our strategy to permit sales of bitcoin retained within our balance sheet,” Samuels stated.
As initially reported by Cointelegraph, this filing authorizes discretionary transactions depending on market conditions and capital allocation priorities rather than enforcing any mandatory reduction in Bitcoin reserves.
Samuels explained that there is a critical difference between maintaining flexibility (optionality) and committing to a substantial liquidation (drawdown) of their Bitcoin treasury assets.
MARA has traditionally identified itself as a long-term holder of Bitcoin; thus any perceived modification in its treasury policy draws considerable attention from investors and market watchers alike.
Related: The challenges facing bitcoin mining in 2026: AI integration shifts & margin pressures
MARA Reinforces Diversification While Retaining Significant $BTC Holdings
Although MARA has expanded its operational scope recently, it continues to maintain heavy exposure to Bitcoin within its financial portfolio.
This diversification effort gained momentum last month when MARA acquired a controlling interest—64%—in Exaion. Exaion is a France-based firm specializing in high-performance computing infrastructure and blockchain-related services.
Nonetheless, Bitcoin remains at the core of MARA’s asset base. The company currently holds approximately 53,822 $BTC, valued near $3.7 billion USD — making it the largest publicly traded miner with respect to treasury size holdings among peers worldwide.
A one-year record showing fluctuations in MARA’s BTC reserves. Source: BitcoinTreasuries.net
Apart from public companies generally speaking only Michael Saylor’s Strategy holds more Bitcoins—with over 720K accumulated so far across various entities under his control.