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Wallets linked to MARA Holdings deposit 1,000 BTC to Binance and Gate

Wallets associated with Bitcoin miner MARA Holdings transferred 1,000 BTC, valued at approximately $82.8 million, to Binance and Gate over a five-day span, signaling a possible sale.

Screenshot of blockchain transaction records showing Bitcoin transfers to Gate and Binance deposit addresses.
Image: @lookonchain

Wallets linked to Bitcoin mining company MARA Holdings transferred 1,000 BTC, valued at approximately $82.8 million, into crypto exchanges Binance and Gate over five days, according to on-chain analytics account Lookonchain. The exchange deposits indicate that the firm may be moving to sell Bitcoin.[3][2][1]

MARA Holdings, identified by Wu Blockchain as the largest publicly listed Bitcoin mining firm, has previously sold portions of its Bitcoin holdings to support company operations, manage debt, and fund expansion efforts into artificial intelligence and high-performance computing.[1]

Key facts

  • Wallets linked to MARA Holdings transferred 1,000 BTC to Binance and Gate over a five-day period, according to Lookonchain.
  • The 1,000 BTC transferred to exchanges was valued at approximately $82.8 million.
  • The transactions indicate a potential sale of Bitcoin reserves by MARA Holdings.
  • MARA Holdings has previously sold Bitcoin reserves to fund operations, service debt, and back initiatives in artificial intelligence and high-performance computing.

Sources · 3 sources

  1. WB

    Wu Blockchain@WuBlockchainPost on X ·

    Largest Publicly Listed Bitcoin Miner MARA Appears to Be Selling BTC, Transfers 1,000 BTC to Binance and Gate in 5 Days According to Lookonchain, MARA Holdings, the largest publicly listed Bitcoin mining company, appears to be selling BTC. Wallets linked to the company deposited 1,000 BTC, worth approximately $82.8 million, into Binance and Gate over the past 5 days. MARA has previously sold some of its Bitcoin reserves to support operations, manage debt, and fund its expansion into AI and high-performance computing.

    Open source
  2. TB

    The Block@TheBlockCoPost on X ·

    NEW: Bitcoin miner MARA Holdings moved 1,000 BTC ($82.8 million) to Binance and Gate over the past five days, indicating a potential sale, according to Lookonchain. bitcoin:native $MARA https://t.co/8voars3z8n

    Open source
  3. LO

    Lookonchain@lookonchainPost on X ·

    Bitcoin mining company MARA Holdings (@MARA) appears to be selling $BTC. Wallets linked to #MARA deposited 1,000 $BTC ($82.8M) into #Binance and #Gate over the past 5 days. https://t.co/7paYjsC4h9 https://t.co/4jTrsGnMwB

    Open source