MARA Holdings likely sold $81.1M in BTC overnight, Lookonchain says

Bitcoin miner MARA Holdings (NASDAQ: MARA) likely sold about $81.13 million worth of BTC overnight, according to a Lookonchain analysis based on on-chain data. Citing data from on-chain analytics firm Arkham, Lookonchain said an address believed to be held by MARA Holdings, beginning with 32i1m, transferred 996.105 BTC to a Galaxy Digital address at around 6:55 p.m. UTC yesterday. As Galaxy Digital provides OTC services for institutional investors, Lookonchain suggested the transfer may have been intended for a sale. According to CoinMarketCap, BTC was trading at $82,321.4, down 0.41%, at the time of writing.