On-chain tracker Lookonchain reported that MARA Holdings has acquired 1,000 Bitcoin through FalconX, valued at roughly $66.7 million at the time of transfer. MARA has not issued an official statement confirming the transaction, so the data remains an on-chain claim. Still, the report drew attention as it followed a major first-quarter selling spree.
Q1 Fire Sale: 20,880 BTC Sold for $1.5B
MARA's Q1 filing showed the company sold 20,880 BTC during the three months ended March 31, 2026, fetching approximately $1.5 billion at an average price of $70,137 per Bitcoin. Proceeds were used to fund operations, support growth plans, and manage liquidity. In 2026, MARA changed its digital asset policy to allow selling Bitcoin held on its balance sheet, whereas previously it only sold newly mined coins.
Of those sales, 15,133 BTC were liquidated between March 4 and March 25 for about $1.1 billion, funding a $1 billion repurchase of MARA's 0.00% convertible senior notes due 2030 and 2031. Chairman and CEO Fred Thiel said the buyback would “strengthen our balance sheet and position the company for long-term growth,” while also reducing potential future shareholder dilution and lowering debt on favorable terms.
Shift to Accumulation? Miner Treasury Moves in Focus
The reported 1,000 BTC buy suggests MARA may still be willing to purchase Bitcoin when market conditions align with its balance sheet strategy. The company has stated it expects its Bitcoin holdings to generally rise over time through both production and selective purchases. Interestingly, Strategy (formerly MicroStrategy) also added 1,587 BTC for about $100 million around the same time, raising its total reserve to 846,842 BTC.
Bitcoin miners face headwinds from lower post-halving block rewards, rising mining difficulty, and higher costs, prompting many public miners to sell Bitcoin or pivot to data centers, AI, and high-performance computing. MARA's reported purchase, after a quarter dominated by large sales, refocuses attention on its treasury strategy.