MARA-Linked Wallets Move $83 Million in Bitcoin to Exchanges
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Wallets linked to MARA Holdings transferred 1,000 BTC to exchanges over five days as the bitcoin miner’s shares fell roughly 45% in a month.
Wallets associated with MARA Holdings sent 1,000 bitcoin, valued at approximately $82.8 million, to cryptocurrency exchanges over a five-day period, according to Bitcoin.com News.
On-chain trackers flagged the movements early Monday and suggested they could indicate selling. Transfers to exchanges alone, however, do not establish that the bitcoin was sold.
The reported transfers came as shares of MARA, one of the largest publicly traded bitcoin miners, declined about 45% over a month. The report did not establish a connection between the wallet activity and the stock’s losses.
Source: Bitcoin.com News
