MARA Holdings moves 1,650 Bitcoin worth $132.8 million to institutional platforms
On November 5 2026 MARA Holdings transferred 1,650 BTC, valued at about $132.8 million, to Galaxy Digital, Copper and other institutional service providers. The company has not disclosed whether the coins were sold, but the move follows a prior transfer of 996.105 BTC to Galaxy Digital in early October. MARA sold 23,093 BTC for roughly $1.6 billion in the first half of 2026 and is shifting focus toward AI and high‑performance computing.
Why it matters
The transfers could reduce MARA’s direct Bitcoin exposure and signal liquidity needs for its AI expansion, potentially affecting the company’s balance sheet and share price. If the coins are sold off‑exchange, market impact may be muted compared with a public sale.
Key facts
- 1MARA transferred 1,650 BTC valued at approximately $132.8 million to Galaxy Digital, Copper and other platforms on November 5 2026. cryptobriefing.com
- 2A similar transfer of 996.105 BTC worth about $81.13 million was made to a Galaxy Digital‑linked wallet on October 8‑9 2026. cryptobriefing.com
- 3MARA sold 23,093 BTC for roughly $1.6 billion in the first half of 2026, at an average price of about $70,631 per Bitcoin. cryptobriefing.com
- 4MARA’s Bitcoin holdings fell from 53,822 BTC at year‑end 2025 to 35,577 BTC by June 30 2026. cryptobriefing.com
- 5MARA’s stock closed at $6.87 on November 4 2026. themarketperiodical.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.