MARA Holdings transfers 1,318 Bitcoin to Galaxy Digital, Two Prime, and BitGo
Crypto Briefing
MARA Holdings transferred $87 million worth of Bitcoin to three custodians amid increased crypto market pressure, causing its stock to drop.Summary
MARA Holdings, the second-largest corporate holder of Bitcoin, transferred 1,318 BTC (approximately $87 million) to Galaxy Digital, Two Prime, and BitGo on Thursday, as reported by Arkham Intelligence. This move occurred as MARA's stock price declined nearly 19%, extending its year-to-date losses to 25% due to broader crypto market pressures. The company held 52,850 BTC, valued at around $3 billion, at the end of Q3, having mined and retained 2,144 BTC during that quarter. MARA’s holdings are second only to Strategy, which holds 713,502 BTC. Other crypto-related stocks also experienced significant declines on Thursday, including Strategy (MSTR), Coinbase, Robinhood Markets, and IREN Limited.
(Source：Crypto Briefing)