<SEC-DOCUMENT>0001959173-25-006065.txt : 20250917
<SEC-HEADER>0001959173-25-006065.hdr.sgml : 20250917
<ACCEPTANCE-DATETIME>20250917110805
ACCESSION NUMBER:		0001959173-25-006065
CONFORMED SUBMISSION TYPE:	144
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250917
DATE AS OF CHANGE:		20250917

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MARA Holdings, Inc.
		CENTRAL INDEX KEY:			0001507605
		STANDARD INDUSTRIAL CLASSIFICATION:	FINANCE SERVICES [6199]
		ORGANIZATION NAME:           	09 Crypto Assets
		EIN:				010949984
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		144
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	001-36555
		FILM NUMBER:		251319095

	BUSINESS ADDRESS:	
		STREET 1:		1010 SOUTH FEDERAL HIGHWAY
		STREET 2:		SUITE 2700
		CITY:			HALLANDALE BEACH
		STATE:			FL
		ZIP:			33009
		BUSINESS PHONE:		(800) 804-1690

	MAIL ADDRESS:	
		STREET 1:		1010 SOUTH FEDERAL HIGHWAY
		STREET 2:		SUITE 2700
		CITY:			HALLANDALE BEACH
		STATE:			FL
		ZIP:			33009

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MARATHON DIGITAL HOLDINGS, INC.
		DATE OF NAME CHANGE:	20210315

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Marathon Patent Group, Inc.
		DATE OF NAME CHANGE:	20130222

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	American Strategic Minerals Corp
		DATE OF NAME CHANGE:	20111213

REPORTING-OWNER:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Thiel Frederick G
		CENTRAL INDEX KEY:			0001567383
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		144

	MAIL ADDRESS:	
		STREET 1:		1010 SOUTH FEDERAL HIGHWAY
		STREET 2:		SUITE 2700
		CITY:			HALLANDALE BEACH
		STATE:			FL
		ZIP:			33009
</SEC-HEADER>
<DOCUMENT>
<TYPE>144
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>144</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001567383</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <issuerInfo>
      <issuerCik>0001507605</issuerCik>
      <issuerName>MARA Holdings, Inc.</issuerName>
      <secFileNumber>001-36555</secFileNumber>
      <issuerAddress>
        <com:street1>1010 SOUTH FEDERAL HIGHWAY</com:street1>
        <com:street2>SUITE 2700</com:street2>
        <com:city>HALLANDALE BEACH</com:city>
        <com:stateOrCountry>FL</com:stateOrCountry>
        <com:zipCode>33009</com:zipCode>
      </issuerAddress>
      <issuerContactPhone>(800) 804-1690</issuerContactPhone>
      <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Thiel Frederick G</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <relationshipsToIssuer>
        <relationshipToIssuer>Officer</relationshipToIssuer>
        <relationshipToIssuer>Director</relationshipToIssuer>
      </relationshipsToIssuer>
    </issuerInfo>
    <securitiesInformation>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <brokerOrMarketmakerDetails>
        <name>Fidelity Brokerage Services LLC</name>
        <address>
          <com:street1>900 Salem Street</com:street1>
          <com:city>Smithfield</com:city>
          <com:stateOrCountry>RI</com:stateOrCountry>
          <com:zipCode>02917</com:zipCode>
        </address>
      </brokerOrMarketmakerDetails>
      <noOfUnitsSold>27505</noOfUnitsSold>
      <aggregateMarketValue>478036.90</aggregateMarketValue>
      <noOfUnitsOutstanding>370457880</noOfUnitsOutstanding>
      <approxSaleDate>09/17/2025</approxSaleDate>
      <securitiesExchangeName>NASDAQ</securitiesExchangeName>
    </securitiesInformation>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>01/26/2024</acquiredDate>
      <natureOfAcquisitionTransaction>Restricted Stock Vesting</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>24973</amountOfSecuritiesAcquired>
      <paymentDate>01/26/2024</paymentDate>
      <natureOfPayment>Compensation</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>01/31/2024</acquiredDate>
      <natureOfAcquisitionTransaction>Restricted Stock Vesting</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>2532</amountOfSecuritiesAcquired>
      <paymentDate>01/31/2024</paymentDate>
      <natureOfPayment>Compensation</natureOfPayment>
    </securitiesToBeSold>
    <nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>The Thiel Living Trust</name>
        <address>
          <com:street1>1010 South Federal Highway</com:street1>
          <com:street2>Suite 2700</com:street2>
          <com:city>Hallandale Beach</com:city>
          <com:stateOrCountry>FL</com:stateOrCountry>
          <com:zipCode>33009</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <saleDate>07/16/2025</saleDate>
      <amountOfSecuritiesSold>27505</amountOfSecuritiesSold>
      <grossProceeds>536897.60</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>The Thiel Living Trust</name>
        <address>
          <com:street1>1010 South Federal Highway</com:street1>
          <com:street2>Suite 2700</com:street2>
          <com:city>Hallandale Beach</com:city>
          <com:stateOrCountry>FL</com:stateOrCountry>
          <com:zipCode>33009</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <saleDate>08/18/2025</saleDate>
      <amountOfSecuritiesSold>27505</amountOfSecuritiesSold>
      <grossProceeds>420276.40</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>The Thiel Living Trust</name>
        <address>
          <com:street1>1010 South Federal Highway</com:street1>
          <com:street2>Suite 2700</com:street2>
          <com:city>Hallandale Beach</com:city>
          <com:stateOrCountry>FL</com:stateOrCountry>
          <com:zipCode>33009</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <saleDate>09/16/2025</saleDate>
      <amountOfSecuritiesSold>27505</amountOfSecuritiesSold>
      <grossProceeds>449706.75</grossProceeds>
    </securitiesSoldInPast3Months>
    <remarks>Today's sale and the sales in the past 3 months occurred in the The Thiel Living Trust, of which Frederick Thiel is a trustee and an account stakeholder.</remarks>
    <noticeSignature>
      <noticeDate>09/17/2025</noticeDate>
      <planAdoptionDates>
        <planAdoptionDate>05/28/2025</planAdoptionDate>
      </planAdoptionDates>
      <signature>/s/ Jennifer Ruchti, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Frederick Thiel</signature>
    </noticeSignature>
  </formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
