US Bitcoin mining company MARA has bought around 1,000 Bitcoins worth $66.7 million. Crypto data firm Lookonchain spotted the moves on the blockchain and showed that institutional broker FalconX helped handle the purchases.
This move back to buying follows a highly profitable first quarter when the miner sold a large part of its stash. The firm made the buy in multiple batches of exactly 200 BTC. MARA timed this buyback well, stepping in during a market dip that pulled Bitcoin down to the $66,000 to $67,000 range.
MARA(@MARA) seems to have bought 1,000 $BTC($66.7M) via #FalconX.
In Q1 2026, MARA sold 20,880 $BTC($1.5B) at an average price of $70,137.https://t.co/fTOd8FQMxRhttps://t.co/G0z3UpSmaJ pic.twitter.com/IUILAlwx5i
— Lookonchain (@lookonchain) June 16, 2026
Smart cash management pays off
This move shows a clear plan to manage company funds. MARA’s official Q1 2026 financial report shows the company sold 20,880 Bitcoin earlier this year. They sold at an average price of $70,137, bringing in $1.5 billion.
The firm used that money to pay off corporate debt, buy equipment, and expand into artificial intelligence (AI) and tech infrastructure. By selling above $70,000 and buying back under $67,000, MARA lowered its average cost for holding Bitcoin.
Why are Bitcoin mining firms splitting business plans?
The mining industry is currently split on how to spend its money. While some firms remain focused solely on Bitcoin accumulation, others are diversifying their operations. MARA and CleanSpark have become the latest examples of companies that are effectively splitting their business into two distinct pillars which are Bitcoin mining and the development of infrastructure for artificial intelligence (AI) and high-performance computing (HPC).
This change is happening because the cost of energy needed to mine one Bitcoin is now higher than the value of the Bitcoin itself. By also offering services for AI and HPC, these companies can use their large power stations to earn money from AI customers, not just from Bitcoin. This helps them earn income even when Bitcoin mining is not profitable.
Meanwhile, Hut 8 refinanced a $200 million Bitcoin-backed loan at a lower 7% rate, unlocking about 3,300 BTC worth roughly $260 million and improving liquidity. Core Scientific, another mining company, plans to sell nearly all its Bitcoin holdings in Q1 2026 to raise liquidity and fund an expansion into AI infrastructure and data centers.
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