Second only to MicroStrategy, MARA is the second-largest publicly listed company holding Bitcoin and also the second-largest mining business after Bitdeer. In its latest annual report, it gave everyone a heads-up about potentially selling Bitcoin . Currently, it holds a total of 53,822 Bitcoins through mining and purchases. Previously, it focused on a long-term reserve strategy of never selling Bitcoin, but last year it sold 4,076 Bitcoins and placed 38,507 Bitcoins on its balance sheet, allowing for potential sales this year. Of course, it won’t sell all of them. The report mentions that the total holdings will still grow in the future, but it won’t be able to stick to the previous strategy of only accumulating without selling. Instead, it will adopt a more flexible approach, selling a portion to supplement liquidity and invest in the AI sector. Compared to Bitdeer’s complete liquidation, this is still much better.