Bitcoin’s Second-Largest Corporate Holder Just Changed the Rules: Is MicroStrategy Next?

MARA Holdings has formally rewritten its Bitcoin playbook, expanding its treasury policy to permit sales of Bitcoin held directly on its balance sheet. It raises questions about whether Strategy (MicroStrategy) could be next, seeing as MARA is only second to Michael Saylor’s firm among public companies holding BTC. MARA Opens Door to Selling 53,822 BTC Stockpile in Treasury Pivot After $1. 7 Billion Loss The move, detailed in its annual 10-K filing submitted to the US SEC on March 2, 2026, marks the first time MARA has explicitly authorized liquidation of its accumulated treasury stockpile source: https://beincrypto.com/mara-changes-rules-microstrategy-next/