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MARA Holdings transfers 1,650 Bitcoin worth $132.8 million to Galaxy Digital and Copper

Bitcoin miner MARA Holdings moved 1,650 BTC valued at roughly $132.8 million to platforms including Galaxy Digital and Copper over a 12-hour window, according to on-chain analytics data.

Arkham Intelligence dashboard showing Bitcoin transactions associated with MARA Holdings, including transfers to Galaxy Digital and internal addresses.
Image: @lookonchain

Bitcoin miner MARA Holdings transferred 1,650 BTC, valued at about $132.8 million, to platforms including Galaxy Digital and Copper over a 12-hour span, according to on-chain analytics account Lookonchain. The tracker suggested the activity indicated that MARA appeared to be dumping Bitcoin once again.[1][2][3]

An Arkham Intelligence dashboard shared by Lookonchain shows that MARA sent 697.859 BTC, worth $56.19 million, directly from one of its wallets to Galaxy Digital roughly 11 hours earlier. The on-chain record also showed several large internal transfers between MARA-labeled addresses, including transactions of 1,000 BTC worth $80.06 million and 1,300 BTC worth $104.08 million, alongside recurring deposits of about 3.1 BTC from Coinbase into a miner wallet.[2]

Crypto Briefing reported on the transfers, framing the movements within MARA's operational shift from Bitcoin hoarding toward artificial intelligence investments, which it suggested could influence market dynamics by reducing direct exchange sales.[1]

Key facts

  • MARA Holdings moved 1,650 BTC worth approximately $132.8 million to platforms including Galaxy Digital and Copper over a 12-hour period.
  • Lookonchain described the multi-platform transfers as an indication that MARA appeared to be dumping Bitcoin again.
  • An Arkham dashboard revealed a 697.859 BTC transfer worth $56.19 million from a MARA wallet to Galaxy Digital roughly 11 hours prior to the report.
  • The same dashboard documented large MARA-to-MARA internal transfers, including transactions of 1,000 BTC ($80.06 million) and 1,300 BTC ($104.08 million).
  • Inbound transfers of roughly 3.1 BTC each, valued at approximately $250,000, were also recorded from Coinbase to a MARA miner wallet.
  • Crypto Briefing noted that the transfers coincided with MARA shifting focus from Bitcoin hoarding to AI investments.

Sources 路 3 sources

  1. CB

    Crypto BriefingArticle 路

    MARA Holdings moves 1,650 BTC worth $132.8 million to Galaxy Digital, Copper and others MARA's shift from Bitcoin hoarding to AI investment may stabilize BTC markets by reducing direct exchange sales, impacting market dynamics. The post MARA Holdings moves 1,650 BTC worth $132.8 million to Galaxy Digital, Copper and others appeared first on Crypto Briefing .

    Open source
  2. LO

    Lookonchain@lookonchainPost on X 路

    Bitcoin miner MARA Holdings (@MARA) appears to be dumping $BTC again. Over the past 12 hours, #MARA transferred 1,650 $BTC ($132.8M) to Galaxy Digital, Copper, and other platforms. https://t.co/fTOd8FQMxR https://t.co/KZZhxukt5u

    Open source
  3. SI

    Solid Intel 馃摗@solidintel_xPost on X 路

    INTEL: Bitcoin miner MARA $MARA moves 1,650 BTC worth $133 million to Galaxy Digital and Copper

    Open source