These Two Bitcoin Miners are Getting Ready to Sell Their Bitcoin
MARA Holdings and Core Scientific are shifting treasury strategies to permit selling their held Bitcoin, primarily to fund expansion into AI and computing services.Summary
Bitcoin miners MARA Holdings and Core Scientific are moving away from the 'never sell' ethos by revising their treasury management policies to allow for the sale of their held Bitcoin reserves. MARA Holdings disclosed in its 2025 annual filing that it will permit sales from its balance sheet holdings, a change from its previous policy that only allowed sales of newly mined production. As of year-end 2025, MARA held 53,822 BTC, with a portion deployed in lending and collateral arrangements. Similarly, Core Scientific announced plans to monetize substantially all of its Bitcoin holdings in 2026 to transition toward AI and high-density colocation services. This strategic pivot is driven by tighter post-halving economics and the significant capital demands of developing new data centers for AI workloads, making treasury monetization an appealing funding source over equity issuance or borrowing.
(Source：Bitcoin Magazine)