The 200 BTC were moved to an address that Arkham identifies as intended for sale.
With these sales, MARA lost second place among the companies with the most bitcoin in treasury.
The mining company MARA Holdings mobilized yesterday, April 6, 2026, a total of 200 bitcoin (BTC) valued at 13 million dollars, which could indicate a sale of the crypto asset.
According to data from the analysis firm Arkham Intelligence, the funds were transferred to a wallet “which apparently sells BTC,” he points out.
The movement of capital occurs after an aggressive liquidation strategy executed by the firm during the first quarter of the year. Between March 4 and 25, MARA sold 15,133 BTC, a figure that represented approximately 30% of its total reserves at that time.
This massive reduction in digital assets responds to a financial restructuring that seeks to take advantage of current market conditions to strengthen its accounting balance.
As a direct consequence of these sales, MARA lost its position as the second publicly traded company with the most bitcoin in its treasury globally.
By reducing its holdings to 38,689 BTC, the company dropped to fourth place of the global ranking. Currently, it is located below the Japanese firm Metaplanet, which owns 40,177 BTC, and Twenty One Capital, which owns 43,514 units of the currency. For its part, Strategy remains the undisputed leader in the sector with a reserve of 766,970 BTC.
By selling these assets, MARA sacrifices its direct exposure to the price of bitcoin to obtain immediate liquidity and finance new technical infrastructure projects.
Turn towards artificial intelligence
The company has confirmed that this liquidation trend is not an isolated event, but that it will continue to sell part of its bitcoin reserves throughout 2026, as reported by CriptoNoticias. The management of MARA Holdings explained that This decision seeks to reduce the potential dilution for its shareholders.
In finance, dilution occurs when a company issues more shares to raise money, decreasing the ownership percentage of current investors. By selling BTC, the company avoids issuing new shares and uses the cash to buy back convertible debt at a discount, thus protecting the value of current investors.
This financial maneuver facilitates the company’s transition to a hybrid business model. Although Bitcoin mining remains central, the volatility of its income has driven a change of course. The company is allocating a large part of the resources obtained to high-performance computing (HPC) and the development of data centers for artificial intelligence.