MARA’s treasury is visibly shrinking: 54,000 $BTC in February, only 36,000 in August. On October 9, on-chain data revealed it had moved another 996 (about $81 million) into a Galaxy wallet. Transfers don’t necessarily mean a sale, but the 15,000 coins worth $1.1 billion it moved in March were indeed sold. As fewer coins are mined, the giant is feeding AI first.