996.105 BTC moved from a MARA Miner wallet to Galaxy Digital and another address. According to Lookonchain and Arkham, that’s about $81.13 million.
The blockchain shows a transfer. It doesn’t show a market sale, and no one has provided proof of one.
Here’s what MARA’s Q2 report actually says:
- 35,577 BTC as of June 30
- They sold 2,213 BTC during the quarter, having mined 2,422
And in August, they took out loans from Coinbase and Two Prime, backed by 18,750 BTC as collateral—almost 53% of those holdings.
So a transfer from a wallet like that could mean three things: a sale, collateral, or a loan-related movement. The blockchain only sees “went from A to B.”
They’re not shy about selling; they’ve said themselves they’ll sell when it makes sense. But saying they “dumped” it without proof is speculation.
Personally, $BTC
I’m not holding any right now, so I’m looking at this without getting worked up.
How do you read it: sale or collateral?
#MARA #bitcoin
The blockchain shows a transfer. It doesn’t show a market sale, and no one has provided proof of one.
Here’s what MARA’s Q2 report actually says:
- 35,577 BTC as of June 30
- They sold 2,213 BTC during the quarter, having mined 2,422
And in August, they took out loans from Coinbase and Two Prime, backed by 18,750 BTC as collateral—almost 53% of those holdings.
So a transfer from a wallet like that could mean three things: a sale, collateral, or a loan-related movement. The blockchain only sees “went from A to B.”
They’re not shy about selling; they’ve said themselves they’ll sell when it makes sense. But saying they “dumped” it without proof is speculation.
Personally, $BTC
I’m not holding any right now, so I’m looking at this without getting worked up.
How do you read it: sale or collateral?
#MARA #bitcoin