MARA Sold 13,597 Bitcoin at $81,039 to Retire $750 Million of BTC-Backed Debt

MARA Holdings sold 13,597 bitcoin at an average price of roughly $81,039 after its third quarter closed, raising about $1.1 billion and spending $750 million of the proceeds to fully repay its bitcoin-collateralized term loans. The Q3 2026 shareholder letter , released on November 9 alongside the company’s results announcement , says the repayment returned 17,477 bitcoin that had been pledged as collateral and left less than 5% of MARA’s coins loaned or pledged. That single paragraph carries three numbers that do not sit comfortably together. The company sold 40% of the bitcoin it reported holding at September 30.