MARA Holdings moves $81M in BTC, is Bitcoin price at risk?
Lookonchain said the 996.105 BTC transfer was worth about $81.13 million, and MARA gave no transaction-specific explanation.
- On Friday, MARA Holdings transferred approximately 996 BTC worth $81.13 million to Galaxy Digital, according to blockchain analytics platform Lookonchain. The transaction was identified on October 9, 2026.
- MARA has not provided a specific explanation for this transfer, which follows several large treasury transactions earlier in 2026 including sales, collateral arrangements, and transfers to institutional counterparties.
- This movement of approximately 996 BTC represents roughly 2.8% of the company's 35,577 BTC reported holdings as of June 30. The firm previously sold assets to support operations, investments, and liquidity management.
- MARA shares rose 2% in pre-market trading to $10 as Bitcoin recovered above $82,000, though prices remained under pressure on Friday trading near $82,300.
- Bitcoin currently trades below its 10-day and 20-day exponential moving averages of $83,734 and $83,226. Reclaiming these levels is necessary to reach the next resistance near $87,061.
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Cryptocurrency News | Cryptocurrency Prices | Market CapMARA Holdings moves $81M in BTC, is Bitcoin price at risk?
MARA Holdings has transferred nearly 1,000 Bitcoin worth approximately $81.13 million to Galaxy Digital, according to blockchain transaction data flagged by onchain analytics platform Lookonchain. In an October 9 post on X, Lookonchain identified a transfer of 996.105 BTC from…
MARA Holdings transferred 996 BTC valued at approximately $81.3 million on October 9, according to Lookonchain’s on-chain follow-up. The movement had as its destination a direction linked to Galaxy Digital, while the mining company continues to expand its infrastructure strategy, and the transfer represents a significant movement of Bitcoin but does not confirm on its own... Read more
MARA Holdings Sends $81M to Galaxy—What Next?
TLDR MARA Holdings transferred 996.105 BTC worth approximately $81.13 million to Galaxy Digital. Blockchain records have not confirmed whether Galaxy Digital sold the transferred Bitcoin. MARA sold 23,093 BTC for approximately $1.6 billion during the first half of 2026. The company’s Bitcoin holdings stood at 35,577 BTC on June 30, down from 53,822 BTC at [...]
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