MARA sells 15,133 BTC to fund AI computing; Bitcoin falls below $69,000

Marathon (MARA) sold 15,133 Bitcoin for about $1.1B. The miner will repurchase $1B convertibles and move into AI/HPC.

The sale covered Mar 4–25. Marathon disclosed the figures in a press note here.

Holdings fell to 38,689 BTC. That’s down ~28% from 53,822. Data is shown on BitcoinTreasuries.net.

Proceeds fund a $1B buyback. Notes mature in 2030 and 2031. Closings are slated for Mar 30–31. Details are in the same release.

“Enhances financial flexibility,” said the CEO. Marathon plans AI and HPC expansion. Quote and plan are in the release.

Bitcoin traded below $69,000. The dip followed the disclosure.

Marathon also revised treasury policy. The 10-K now permits BTC sales during stress. Summary is here.