MARA Holdings purchased 1,000 Bitcoin for about $66.7 million via FalconX, reversing its Q1 selling strategy after selling 20,880 BTC in the first quarter.
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MARA buys 1,000 Bitcoin for $66.7M after Q1 treasury selloff
MARA Holdings purchased 1,000 Bitcoin for about $66.7 million via crypto liquidity platform FalconX, reversing the heavy selling strategy it pursued in the first quarter.
The transaction, executed at an average price of roughly $66,700 per Bitcoin, was identified through on-chain wallet monitoring and has not yet been confirmed in a company filing with the Securities and Exchange Commission, according to data tracked by blockchain analytics services.
The purchase comes after MARA sold 20,880 Bitcoin in Q1, a selloff that contributed to a $1.3 billion net loss for the period. As of March 31, the company held 35,303 Bitcoin. The new acquisition brings its total holdings to approximately 36,303 Bitcoin, pending official disclosure in an 8-K or press release.
The shift from selling to accumulation marks a strategic pivot for one of the largest publicly traded Bitcoin holders. If other public mining companies follow MARA's lead, the reduced sell-side pressure could tighten Bitcoin supply. MARA's stock may also benefit from the renewed confidence in its Bitcoin treasury strategy.
This article is for informational purposes only and does not constitute investment advice.
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