Marathon Digital Holdings (Nasdaq: Mara) seems to have benefited from Friday’s Market Turo to load Bitcoin According to data curated by Arkham Intelligence.
Marathon Digital Holdings, which has approx. 52,850 BTC (worth approximately $ 6.06 billion), bought an additional 400 BTC worth approx. $ 45.9 million through Falconx early Monday, according to Arkham Intelligence Data Tracked by Blockchain Sleuth Lookonchain.
Mara’s step suggests that companies and miners again accumulate BTC in volatility, similar to the patterns seen in prior market reserves. The miner produced 218 blocks in September, an increase of 5% during August, when the global hash rate grew 9% month-over month to an average of 1,031 EH/S.
Coindesk reached out to Mara for official confirmation.
Bitcoin fell nearly 13% within an hour of Friday after renewing US tariff threats in US-China triggered a global risk-off wave, wiped out about $ 65 billion in open interest, although some market stakeholders suggest that the real guilty of the crash was Binance, with internal errors that got assets for de-peg.
At the time of writing, Bitcoin traded near $ 114,800, which is approx. 3% over the last day, as trade war tensions ease between Washington and Beijing.
BTC’s failure to maintain gains over the long-term resistance trendline from 2017 and 2021 heights could open the door to a gene test of $ 100,000, according to Coindesk analysts.
