PANews reported on March 3rd that, according to The Block, MARA Holdings disclosed in its latest 10-K filing with the SEC that it has expanded its 2026 digital asset management strategy from "only selling BTC mined that year" to allowing the sale of Bitcoin accumulated on its balance sheet. MARA stated that it will decide whether to buy or sell BTC based on market conditions and capital allocation priorities, for long-term holding or opportunistic trading. As of December 31, 2025, the company held a total of 53,822 BTC, of ​​which approximately 28% was "activated," including 9,377 BTC lent to counterparties (generating $32.1 million in interest income) and 5,938 BTC pledged to support a $350 million credit line. Due to the decline in BTC prices and the impact of its trading strategy, the company's Bitcoin fair value decreased by $422.2 million in 2025, and its Two Prime managed account recorded a trading loss of $69.1 million.