BTC $83,032 
ETH $2,495 
USDT $0.9992 
BNB $741.63 
XRP $1.39 
USDC $0.9996 
SOL $110.33 
TRX $0.3322 
FIGR_HELOC $1.03 
ZEC $1,226 MARA Holdings moves $81M in BTC, is Bitcoin price at risk?
A transfer of 996 BTC worth $81.13 million from MARA Holdings to Galaxy Digital has raised questions about potential Bitcoin selling pressure.
Key takeaways
- Transfer size confirmed. The transfer involved 996.105 BTC worth $81.13 million, per onchain data.
- Treasury share noted. The moved amount equaled roughly 2.8% of MARA's June 30 reported 35,577 BTC holdings.
- Sale unconfirmed. No evidence confirms the transferred Bitcoin was sold on the open market.
What happened
On October 9, onchain analytics platform Lookonchain flagged a blockchain transaction showing MARA Holdings transferred 996.105 BTC worth approximately $81.13 million to a wallet linked to Galaxy Digital. The sending address was labeled MARA Miner, while the receiving address was identified as Galaxy Digital (bc1qv). Neither company had provided an explanation for the transfer in the reviewed reports.
Why it matters
The transfer has drawn attention because MARA Holdings, a U.S. Bitcoin mining company, has a history of selling portions of its Bitcoin treasury to fund operations and investments. The moved 996.105 BTC equaled roughly 2.8% of the 35,577 BTC MARA reported holding as of June 30, 2026. While Lookonchain suggested the transfer may represent a sale, blockchain records do not confirm whether Galaxy Digital sold the assets on MARA's behalf or held them for custody or other purposes. The move comes amid broader market headwinds, including $484.9 million in outflows from U.S. spot Bitcoin ETFs on October 7.
Background
- MARA Holdings, formerly Marathon Digital Holdings, has sold Bitcoin regularly to cover operating costs. The company sold 2,213 BTC during the second quarter of 2026 and 23,093 BTC in the first six months of the year, raising roughly $1.63 billion. As of June 30, 2026, MARA also had 4,742 BTC lent to third parties and 4,528 BTC pledged as loan collateral.
What is still unclear
- The purpose of the transfer remains unconfirmed, as no official statement from MARA Holdings or Galaxy Digital was available in the reviewed material.
Questions readers ask
How much Bitcoin did MARA Holdings transfer?
MARA Holdings transferred 996.105 BTC worth approximately $81.13 million to a Galaxy Digital wallet on October 9, 2026. The transfer was flagged by onchain analytics platform Lookonchain.
Did MARA Holdings sell the transferred Bitcoin?
No evidence confirms the transferred Bitcoin was sold on the open market. Blockchain records do not show whether Galaxy Digital executed a sale on MARA's behalf or received the assets for custody or other purposes.
What is MARA Holdings' Bitcoin treasury size?
As of June 30, 2026, MARA Holdings reported holding 35,577 BTC. The company held 53,822 BTC at the end of 2025.
