bitcoin
MARA Holdings moves 1,650 BTC worth $132.8 million to Galaxy Digital, Copper and others
The miner transferred 1,650 BTC, valued at roughly $132.8 million, to Galaxy Digital, Copper, and several other platforms around November 5, 2026.
Reported by 2 outlets · cryptobriefing.com · u.today
The 1,650 BTC went to a mix of destinations, with Galaxy Digital and Copper named among the recipients. When a miner routes coins to that kind of platform, it often points toward a sale, a loan, or some other liquidity move.
A transfer is not the same as a sale. Nothing in the on-chain movement itself confirms that MARA sold these coins, and the company's exact intent for this batch has not been spelled out.
Still, the timing is hard to ignore. Less than a month earlier, on October 8-9, 2026, MARA sent 996.105 BTC to a wallet affiliated with Galaxy Digital.
That earlier batch was worth around $81.13 million. Put the two transfers side by side and MARA has pushed more than 2,600 BTC toward institutional platforms in roughly four weeks.
In the first half of 2026, MARA sold 23,093 BTC for approximately $1.6 billion. That works out to about $70,631 per Bitcoin.
Join 34,000+ readers across crypto, finance, and policy. Those sales left a visible dent.
MARA held 53,822 BTC at the end of 2025. Not all of the remaining stash is sitting idle.
