MARA moves roughly 996 BTC (~$81 M) to Galaxy Digital
+1 new source since this summary was written
Marathon Digital Holdings transferred 996.105 Bitcoin, valued at about $81.13 million, to Galaxy Digital on October 9. The company’s Bitcoin treasury had been 35,577 BTC at the end of June and fell to roughly 7,913 BTC after the transfer. The move was reported amid broader crypto‑market liquidations and follows MARA’s ongoing balance‑sheet strengthening as it pivots toward AI and high‑performance computing.
Why it matters
MARA’s share price rose about 2 % in pre‑market trading to $10 after the transfer, indicating investor perception that the asset move supports its AI‑focused strategy and liquidity needs. The reduction in Bitcoin holdings also changes the firm’s exposure to crypto price movements, which could affect future earnings volatility.
Key facts
- 1MARA transferred 996.105 BTC, worth approximately $81.13 million, to Galaxy Digital. crypto.news
- 2MARA reported holding 35,577 BTC as of June 30, 2026. crypto.news
- 3After the transfer, MARA’s on‑chain wallets held 7,913.44 BTC, valued at more than $652 million. coingape.com
- 4MARA’s Bitcoin holdings fell from 53,822 BTC on Feb 26 to 35,577 BTC by Aug 7, 2026. coindesk.com
- 5MARA shares were up 2 % in pre‑market trading to $10 following the transfer. coindesk.com
Open questions
- Whether the BTC transfer represented an outright sale.
Summary written by AlphAI from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.