MARA Holdings transferred 1,650 BTC worth about $132.8 million to several institutional cryptocurrency platforms, according to data from Lookonchain. Although the transfers have fueled concerns about potential market selling, they may also be intended for liquidity management, collateral purposes or institutional custody. MARA previously moved 996 BTC to Galaxy Digital, 1,000 BTC to Binance and 2,000 BTC to BitGo during October. In the first half of 2026, the company reported selling about 23,093 BTC for $1.6 billion, including 2,213 BTC in the second quarter at an average price of $73,078.
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