SMA agreement managing 2,004 BTC
Company: Marathon Digital
The claim, verbatim
MARA entered a separately managed account agreement with an external registered advisor, transferring 2,000 BTC (500 in mid-May, 1,500 in late June 2025), with 2,004 BTC held in the SMA as of June 30, 2025, subject to an initial one-year lockup.
Source (primary)
marathon-digital 8-K exhibit (q225shareholderletter.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-09)Live source ↗
Quote: “As of June 30, 2025 , a total of 2,004 bitcoin were held and actively managed within the SMA.”
How we checked this
Checked on October 13, 2026. The cited source supports every part of this claim.
The bitcoin asset management section gives the advisor, both transfers, the June 30 balance and the initial one-year lockup.
Confirmed in the source:
- MARA entered an SMA agreement with an external full-service registered advisor
- MARA transferred 500 BTC in mid-May 2025 and an additional 1,500 BTC in late June 2025
- 2,004 BTC were held and actively managed in the SMA as of June 30, 2025
- The SMA is subject to an initial one-year lockup
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1507605/000150760525000016/q225shareholderletter.htm) in full (41,389 characters, retrieved October 9, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms marathon-digital 8-K exhibit (q225shareholderletter.htm)
Quote: “As of June 30, 2025 , a total of 2,004 bitcoin were held and actively managed within the SMA.”