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MARA Transfers $132.8M in Bitcoin to Galaxy and Copper
Nov 5, 1:12 PM·
Medium Neutral

Sources

Summarized by i88

Tickers

Summary

MARA Holdings transferred 1,650 Bitcoin (BTCUSD), worth roughly $132.8 million, to Galaxy Digital, Copper and other platforms over a 12-hour period, per on-chain tracker Lookonchain. The miner said the activity may be linked to selling, though the on-chain data confirms the transfers but not an actual sale.

Bitcoin miner MARA Holdings transferred 1,650 Bitcoin (BTCUSD) worth approximately $132.8 million to Galaxy Digital, Copper and other platforms over a 12-hour period, according to on-chain tracker Lookonchain.

Activity described as potentially linked to selling

The firm described the activity as potentially linked to selling, according to the report.

Transfers confirmed, sale not confirmed

The on-chain data confirms the transfers, but not that MARA sold the Bitcoin, the report said.

Key figures

  • Amount transferred: 1,650 Bitcoin
  • Approximate value: $132.8 million
  • Timeframe: 12 hours
  • Recipients named: Galaxy Digital, Copper and other platforms
  • Source of data: On-chain tracker Lookonchain