Marathon Digital Moved $87 Million Worth of Bitcoin.

Marathon Digital's Large Bitcoin Transfer

Marathon Digital Holdings (MARA) executed a transfer worth approximately 86.9 million dollars, consisting of 1,318 Bitcoin (BTC). According to on-chain data, these transactions were revealed by Arkham. The transfer operations took place over 10 hours to various counterparties and custodial locations.

The largest portion of the transfers went to a credit and trading company called Two Prime, which received over 660 BTC. Additionally, part of the transactions was sent to a BitGo address and a new wallet.

The timing of these transfers raised concerns among investors about forced miner sales. The market is quite volatile and has a thin structure. However, these moves may reflect routine collateral or treasury management; therefore, they may not immediately indicate a spot sale.