In brief
- MARA Holdings purchased 400 BTC worth $46.29 million from institutional liquidity provider FalconX.
- The purchase comes as Bitcoin rebounded to $114,763 after the largest liquidation event in crypto history wiped out over $19 billion in positions last Friday.
- Analysts say the acquisition points to the firm’s confidence that Bitcoin has “more room to run” as Trump softens tariff rhetoric and global monetary easing remains on the table.
Bitcoin miner MARA Holdings snapped up 400 BTC worth $46.29 million from institutional crypto liquidity provider FalconX earlier today, as institutional investors view last week’s historic market crash as a buying opportunity rather than the start of prolonged weakness.
The purchase, conducted through MARA’s wallet address “3MYao,” pushes the publicly-traded mining company’s total holdings to over 53,000 BTC, maintaining its position as second-largest corporate Bitcoin holder behind Strategy’s 640,031 BTC, according to Bitcoin Treasuries Net data.
Go to Source to See Full Article
Author: Vismaya V
