MARA Holdings Transfers 1,650 Bitcoin Worth $132.8 Million to Institutional Platforms

Bitcoin miner MARA Holdings moved 1,650 Bitcoin, valued at approximately $132.8 million, to institutional platforms including Galaxy Digital and Copper over a 12-hour period. The on-chain transfers, flagged by Lookonchain, fueled speculation regarding potential sales, though movements to institutional intermediaries do not confirm spot market liquidation and may reflect custody rebalancing or collateral management. The transaction follows several large transfers in October, including 996.105 BTC sent to Galaxy Digital, 1,000 BTC to Binance, and 2,000 BTC to BitGo. MARA previously sold 23,093 BTC for roughly $1.6 billion during the first half of 2026.