Bitcoin miner MARA Holdings repaid $750 million in Bitcoin-backed debt through Bitcoin sales after the end of the third quarter, according to its third-quarter shareholder letter cited by PANews on November 10, 2026.
All BTC previously pledged against that debt had been released, the report said. Less than 5% of MARA’s Bitcoin holdings were lent out or pledged at the time of the update.
Bitcoin remains a source of funding
MARA said it would continue using Bitcoin to raise cash for AI infrastructure investment, potential repurchases of convertible notes under holder put rights exercisable in 2027, and possible share buybacks. Its board also authorized a share repurchase program of up to $500 million.
The authorization does not establish how much stock the company will ultimately repurchase. The report also did not specify the amount of Bitcoin sold after quarter-end to repay the debt or the volume of future sales.
Third-quarter holdings and results
As of September 30, 2026, MARA held 34,012 BTC. During the third quarter, it:
- Mined 2,247 BTC.
- Sold 3,891 BTC.
- Reported revenue of $164.2 million, down 35% year over year.
- Reported net income of $632.1 million.
The post-quarter debt repayment is separate from those third-quarter figures. While the repayment released pledged Bitcoin, MARA’s stated funding plans leave further use of its BTC holdings to raise cash on the table; the source provides no schedule or amount for those future transactions.
Source: PANews original report, published November 10, 2026, at 05:24:35 (UTC+8).