MARA Holdings Boosts Bitcoin Treasury with $98 Million Purchase

MARA Holdings, a Bitcoin mining company, has made its largest purchase of BTC in nearly a year. On September 16, they bought 1,292 Bitcoin through FalconX for approximately $98.64 million.

The acquisition was first reported by on-chain analytics firm Lookonchain and marks a significant shift from MARA Holdings' previous strategy of selling their Bitcoin holdings to fund other projects.

In March this year, the company sold 23,093 Bitcoin worth around $1.63 billion as they shifted focus towards AI infrastructure services.