MARA Holdings, Riot Platforms and Hut 8 have together sold almost 64,000 bitcoin in 2026, and their filings show three different motives. Reported sales add up to about 63,950 BTC across the three companies.
MARA sold roughly 26,984 BTC in the first nine months and another 13,597 BTC after September, bringing its reported 2026 total to 40,581 BTC. It used $750 million from the latest sale to repay two loans in full, which released 17,477 BTC that had been pledged as collateral. That makes the latest sale mainly a financing decision rather than an exit from bitcoin.
Riot sold 20,264 BTC through September and raised $1.5 billion, mostly to build AI data centers. It held 2,418 BTC at the end of September and expects to sell almost all newly mined coins from now on. Hut 8 sold 954 BTC in the third quarter and another 2,148 BTC in October, spending nearly all the proceeds on a $250 million share buyback.
The three sales do not share one market logic, but they point the same way. Mined bitcoin is no longer simply held as a long-term reserve. For large miners it is increasingly a funding source for debt repayment, AI expansion or shareholder returns. Whether that selling weighs on prices depends on how much of it reaches the open market, which the filings do not show.
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