Lookonchain said Bitcoin miner MARA Holdings may be selling after reporting that wallets linked to the company deposited 1,000 BTC to Binance and Gate over five days.
In a post dated October 19, the on-chain analytics platform valued the transferred Bitcoin at $82.8 million. The movements were not a single transaction but deposits to two exchanges over the past five days.
Bitcoin Sent to Exchanges Raises the Possibility of a Sale
Lookonchain links the wallets to MARA Holdings and interprets the transfers to exchanges as a possible sign of selling. The post does not indicate that a sale has taken place or that the company has announced one.
For now, the development being tracked is 1,000 BTC sent from addresses linked to the mining company to Binance and Gate. No information was provided on how much of these assets was sold.
Not investment advice.