MARA Moves $81 Million in Bitcoin to Galaxy Digital as Miner Leans Into AI

Bitcoin miner MARA Holdings sent roughly 996 BTC, worth about $81.13 million, to an address tied to Galaxy Digital, based on data tracked by Lookonchain. A transfer on its own does not prove a sale took place, and it is not confirmed that Galaxy executed one. Still, the move fits a pattern that has been building for months as the company reshapes its business.

MARA Bitcoin Treasury Shrinks as AI Pivot Grows

MARA was once focused only on mining but has expanded into artificial intelligence and highvperformance computing infrastructure. It has already sold part of its large bitcoin stash to strengthen its balance sheet, including 15,133 BTC for about $1.1 billion in March, mostly to buy back convertible debt. Holdings stood at 53,822 BTC on Feb. 26 and slid steadily to 35,577 BTC by Aug. 7, according to Bitcoin Treasuries data.

MARA Stock Moves With Bitcoin Rebound

MARA shares were up about 4% in pre market trading on Friday at roughly $10, as bitcoin climbed back above $82,000 over the past 24 hours.