MARA Ships $83 Million in Bitcoin to Exchanges as Its Stock Sinks 45%

Wallets tied to MARA Holdings, one of the largest public bitcoin miners, have moved 1,000 BTC worth about $82.8 million to crypto exchanges in five days, while MARA’s shares have nearly halved in a month. Onchain trackers flagged the transfers early Monday, writing that MARA “appears to be selling” after wallets linked to the miner deposited 1,000 BTC into Binance and Gate over five days. A wallet labeled “MARA: Miner” on Arkham sent 500 BTC to a relay address, which then passed the full 500 BTC to a second hub wallet within minutes. From there, the coins were split into exchange deposits: Of the 1,000 BTC, about 550 BTC went to Binance, 350 BTC to Gate and 100 BTC to Coinbase.

First reported by Bitcoin.com News. This page is a short excerpt; the full text is theirs.