Mara, the world’s largest bitcoin mining company [Photo: Shutterstock]

[DigitalToday reporter Yoonseo Lee] Bitcoin (BTC) mining company Mara has bought 1,000 BTC.

A blockchain outlet, U.Today, reported on June 16 that the purchase was worth about $66.7 million and was carried out via the institutional platform FalconX.

The transaction draws attention because it follows Mara’s aggressive bitcoin disposal in the first quarter this year. Mara sold 20,880 BTC in the first quarter of 2026 alone, and the proceeds totaled about $1.5 billion.

The backdrop is a change in the company’s digital asset management policy. Mara revised its 2026 policy earlier this year to allow it to sell even the bitcoin held on its balance sheet. In 2025, it could sell only newly mined bitcoin, but it expanded the scope to include existing holdings.

Actual sales accelerated from February. In February, Mara moved 1,318 BTC, then worth about $87 million, to institutional custody and liquidity platforms such as Two Prime, BitGo and Galaxy Digital. It then sold 15,133 BTC from March 4 to March 25 to secure about $1.1 billion.

Mara deployed the funds to improve its financial structure. The company used the March sale proceeds to privately repurchase $1 billion of 0.00 percent convertible bonds maturing in 2030 and 2031, and it achieved cash savings of about $88.1 million before excluding transaction costs.

Fred Thiel (프레드 티엘), Mara’s chairman and chief executive officer, said at the time the goal was to reduce the balance sheet’s debt burden and avoid future shareholder dilution. The company directly explained that the bitcoin sales were not to secure short-term liquidity but to cut financial leverage.

Against that backdrop, the 1,000 BTC repurchase is seen less as a simple increase in holdings and more as a move to readjust bitcoin management after a financial overhaul. Mara has not separately disclosed any additional purchase plan or a shift in its holding strategy.

In the first quarter of 2026, Mara was not the only one to sell large amounts of bitcoin. Listed bitcoin mining companies sold a combined total of more than 32,000 BTC in the first quarter. That set a new record for quarterly sales by miners. As a result, Mara’s repurchase can also be seen as an exceptional transaction amid a broader trend skewed toward selling.

The market is focused on whether the transaction signals a return to Mara’s long-term holding stance or a one-off purchase for financial management. What is currently confirmed is that after adjusting its debt structure through large-scale sales, Mara bought 1,000 bitcoin again via an institutional platform.

Keyword

#Mara #Bitcoin #FalconX #U.Today #Fred Thiel
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