BTC Mining Firm Marathon (MARA) Scoops Up 400 BTC After Price Crash, On-Chain Data Show
Marathon Digital Holdings (NASDAQ: MARA) appears to have taken advantage of Friday's market turmoil to load up on bitcoin BTC$114,973.06, according to data curated by Arkham Intelligence.
Marathon Digital Holdings, which holds about 52,850 BTC (worth roughly $6.06 billion), purchased an additional 400 BTC valued at about $45.9 million through FalconX early Monday, according to Arkham Intelligence data tracked by blockchain sleuth Lookonchain.
MARA's move suggests that corporates and miners are once again accumulating BTC into volatility, similar to the patterns seen in prior market resets. The miner produced 218 blocks in September, a 5% increase over August, as global hashrate grew 9% month-over-month to an average of 1,031 EH/s.
CoinDesk reached out to MARA for official confirmation.
MARA Holdings, which holds 52,850 $BTC($6.12B), bought another 400 $BTC($46.31M) through #FalconX 2 hours ago.https://t.co/pz4qGMyLze pic.twitter.com/2R42GgwLn4
— Lookonchain (@lookonchain) October 13, 2025
Bitcoin plunged nearly 13% within an hour on Friday after renewed U.S.–China tariff threats sparked a global risk-off wave, wiping out about $65 billion in open interest, although some market stakeholders suggest the real culprit in the crash was Binance, with internal errors causing assets to de-peg.
At the time of writing, bitcoin traded near $114,800, up about 3% in the past 24 hours as trade-war tensions ease between Washington and Beijing.
BTC’s failure to sustain gains above the long-term resistance trendline from the 2017 and 2021 highs could open the door to a retest of $100,000, according to CoinDesk analysts.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Municipal Infrastructure Improvements and Sustainable Value Generation in Secondary Markets After the Boom
- Post-boom secondary markets leverage infrastructure upgrades to drive real estate and industrial growth, outpacing primary hubs like New York and San Francisco. - Cities like Austin (I-35 corridor) and Raleigh (RDU expansion) show how infrastructure boosts land values, reduces vacancies, and attracts tech/logistics investment. - Dallas and Atlanta exemplify measurable gains, with Dallas leading CRE rankings due to low costs and strategic connectivity, while Raleigh's diversified $8.3B pipeline ensures re
XRP News Update: RLUSD Connects Conventional and Digital Finance with ADGM Authorization
- Ripple's RLUSD gains ADGM approval as fiat-referenced token, enhancing institutional credibility in a tightly regulated digital finance hub. - Global stablecoin adoption accelerates via Truther's non-custodial Visa card and Klarna's KlarnaUSD, targeting seamless cross-border payments. - Cross River Bank launches unified fiat-stablecoin platform, addressing interoperability challenges in $20T+ annual stablecoin volume markets. - Regulators highlight risks in emerging markets as Brazil, India face systemic
The Federal Reserve’s Change in Policy and Its Impact on New Cryptocurrency Assets
- Fed's 2025 policy shifts drive institutional capital toward Solana as central banks balance inflation control and growth amid uncertainty. - Solana's technical upgrades (Alpenglow, Firedancer) and partnerships with Visa/Western Union enhance cross-border payment infrastructure and institutional credibility. - $37.33M inflows into Solana ETFs contrast with Bitcoin/Ethereum outflows, highlighting its macroeconomic hedge role through scalable DeFi and stablecoin ecosystems. - Growing $16B stablecoin liquidi
The Transformation of the Xerox Campus and Its Impact on Industrial Property in Upstate New York
- New York's $9.8M FAST NY grant aims to redevelop 300 acres of Xerox's Webster campus into a $1B+ industrial hub by 2025. - Infrastructure upgrades at NEAT site focus on road, sewer, and electrical systems to create "shovel-ready" space for advanced manufacturing. - Projected 1M sq ft of industrial space could attract semiconductor and renewable energy firms, leveraging 2% vacancy rate vs. national 7.4%. - Integrated "bluefield" development combines manufacturing with residential/commercial zones, support
Trending news
MoreCrypto prices
More
