MARA Holdings moves $17 million in Bitcoin after massive selloff, job cuts

Blockchain infrastructure company MARA Holdings moved 250 Bitcoin worth about $17 million to new addresses on Monday, according to on-chain data. The move comes after the company sold 15,133 Bitcoin for approximately $1.1 billion last month.

The leading crypto miner held 38,689 BTC, valued at $2.6 billion, following its March sale. That figure places it as the fourth-largest public company that holds the digital asset behind Strategy, Twenty One Capital, and Metaplanet.

Metaplanet added 5,075 BTC in Q1 2026, moving ahead of MARA with 40,177 coins.

Shares of MARA have fallen about 22% over the past year, trading around $8.8, per Yahoo Finance.

MARA cuts 15% of workforce as it expands into AI infrastructure

MARA Holdings has reduced its workforce by about 15% as part of a strategic shift beyond bitcoin mining, according to an internal memo reviewed by Blockspace.

The layoffs, affecting multiple departments, follow recent moves into AI and data infrastructure, including deals with Exaion and Starwood.

MARA Holdings is advancing plans to expand into AI data centers and “digital energy infrastructure,” part of a wider industry shift as Bitcoin miners adapt to changing economics after the April 2024 Bitcoin halving.

With rewards reduced and margins under pressure, companies are increasingly leveraging existing power contracts and specialized facilities for higher-margin computing services.

Peers including Riot Platforms have also taken similar steps, with Riot reportedly selling about $290 million in Bitcoin in the first quarter of 2026.