MARA Clarifies Bitcoin Strategy After 10-K Misinterpretation

MARA Holdings addressed concerns regarding a potential shift in its Bitcoin treasury strategy following speculation sparked by a report from SwanDesk adviser Jacob King. Robert Samuels, MARA’s VP of investor relations, clarified that the company’s 10-K filing expanded its policy to *allow* for potential Bitcoin sales based on market conditions, but did not commit to a significant reduction in its holdings. He emphasized the difference between maintaining optionality and actively drawing down its Bitcoin treasury. MARA, which holds 53,822 BTC valued at approximately $3.7 billion, has historically positioned itself as a long-term Bitcoin holder, and the clarification was crucial for reassuring investors. The company is also diversifying its operations, recently acquiring a 64% stake in Exaion, but Bitcoin remains central to its balance sheet, with only Michael Saylor’s MicroStrategy holding a larger corporate treasury.

(Source：Cointelegraph)