Marathon Digital Holdings Inc. Transfers $87 million of Bitcoin Amid Market Decline
Marathon Digital Holdings Inc. (NASDAQ: MARA), a digital asset technology company specializing in cryptocurrency mining, transferred 1,318 BTC, valued at approximately $87 million, to a group of custodial and trading desks in a single operation that spanned roughly ten hours on February 6, 2026. The transfer involved prominent institutional wallets including Two Prime, BitGo, and Galaxy Digital, among others.
The move coincided with a sharp decline in Bitcoin’s price, which fell from around $70,000 in late‑January to $65,000 during the week of the transfer. The timing of the transfer has attracted speculation that the company is re‑balancing its treasury in response to the downturn, potentially to secure more favorable settlement terms or to prepare for future mining operations. However, no official statement has confirmed whether the bitcoins were sold, held, or earmarked for other purposes.
Following the announcement, MARA’s share price experienced a substantial drop of 18 %–19 %, falling to $6.66, its lowest level in the past 52 weeks. The decline reflects investor concern over the company’s exposure to the volatile cryptocurrency market and the potential impact of the transfer on its liquidity and profitability.
Financial indicators as of the close on February 5, 2026, show a market capitalization of approximately $3.12 billion and a price‑to‑earnings ratio of 3.85. The company’s stock had reached a 52‑week high of $23.45 on October 14, 2025, and a 52‑week low of $6.66 on February 4, 2026, indicating heightened volatility in the current market environment.
Marathon Digital continues to operate globally, offering services through its website at www.marathondh.com and maintaining its listing on the Nasdaq exchange. The recent transfer and subsequent market reaction underscore the sensitivity of miner‑owned holdings to broader crypto‑asset price movements and the importance of strategic asset management for companies operating in this sector.
