The post Crypto Miner Marathon Buys 400 BTC Worth $46 Million After Market Crash appeared first on Coinpedia Fintech News
Bitcoin’s recent price crash didn’t scare off everyone, in fact, one of the biggest mining firms saw it as a golden opportunity. Nasdaq lists Marathon Digital Holdings (MARA), one of the world’s leading Bitcoin miners, which reportedly purchased 400 BTC worth around $46.3 million through FalconX, a well-known crypto brokerage platform.
Marathon Adds 400 BTC to Its Treasury
According to Arkham Intelligence, Marathon bought more Bitcoin through its custodian, Anchorage Digital, and made further inflows via FalconX, showing that institutions are still quietly buying Bitcoin during market uncertainty.
The transaction history reveals that this wasn’t an isolated move. Over the past week, several smaller transfers, including 150 BTC worth $18 million, were also sent from FalconX’s hot wallet to Marathon’s address, suggesting a steady accumulation pattern.
With this latest purchase, Marathon’s total Bitcoin holdings have reached 52,850 BTC, valued at approximately $6.10 billion, solidifying its position among the largest public Bitcoin holders in the world.
Smart Timing Amid Market Uncertainty
The timing of this accumulation is worth noting. Bitcoin recently faced sharp volatility, dropping below $103,000 before rebounding. While retail traders hesitated, Marathon used the opportunity to buy the dip.
This bold move reaffirms the company’s strategic role as the world’s second-largest public Bitcoin holder, trailing only MicroStrategy.
Marathon’s latest move could be seen as a vote of confidence during a period of uncertainty. When major holders add to their Bitcoin stacks during corrections, it often restores faith among smaller investors.
MARA’s Growing Dominance in the Mining Sector
Despite recent market volatility, the firm’s operations continue to show steady growth. In September, the company mined 218 blocks and produced over 736 BTC, reflecting a 5% increase from August, even as the global hashrate surged 9% month-over-month.
This performance highlights Marathon’s expanding efficiency and resilience. While many miners struggle to stay profitable during volatile conditions, Marathon’s consistent output proves its ability to optimize resources and adapt to tougher network competition.
The company’s improving production metrics signal not just survival, but growing dominance in the Bitcoin mining landscape