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MARA Holdings Transfers $81.1 Million in Bitcoin to Galaxy Digital Amid AI Shift

MARA Holdings transferred approximately 996 Bitcoin valued at roughly $81.13 million to institutional firm Galaxy Digital. Bitcoin rebounded above $82,600 after briefly falling below $80,500 amid broader market liquidations exceeding $1 billion across digital asset derivatives. The transaction follows MARA's sustained reduction of its digital asset treasury, which fell from 53,822 BTC in late February to 35,577 BTC by August, including a sale of 23,093 BTC for $1.63 billion during the first half of the year. Following the move, MARA shares gained 2% in pre-market trading to $10.00.

Category

Bitcoin

Sentiment

Mixed

Event

Crypto native

Reading time

1 min