MARA transfers $81.1 million in bitcoin (BTC) to Galaxy Digital as strategy pivots to AI
Summary
MARA Holdings transferred about 996 BTC, worth $81.13 million, to an address identified as belonging to Galaxy Digital. The transfer does not establish that Galaxy sold the bitcoin. MARA has been reducing its treasury as it funds debt repurchases and expands into AI and high-performance computing; its holdings fell from 53,822 BTC on Feb. 26 to 35,577 on Aug. 7. Its shares rose 2% in premarket trading as bitcoin recovered above $82,000.
