MARA disclosed that it lent 9,377 BTC in 2025, earning $32.1 million in interest, while the lending segment incurred a loss of $86.3 million

The publicly listed Bitcoin mining company MARA, which holds the largest amount of Bitcoin, disclosed in its annual report that it earned $32.1 million in interest income by lending out 9,377 BTC in 2025. However, due to the decline in cryptocurrency prices, the lending segment recorded a loss of $86.3 million for the year. By the end of 2025, MARA held 53,822 BTC (approximately $4.7 billion), with a fair value decline of $301 million for the year. Notably, the company has relaxed its policy for 2026, allowing the sale of BTC on its balance sheet, no longer limited to the sale of current mining output.