Marathon Digital Partners with Galaxy Digital to Transfer 370 BTC Amidst Ongoing Bitcoin Holdings

On October 16, COINOTAG highlighted that Marathon Digital, a prominent North American Bitcoin mining firm, engaged Galaxy Digital to facilitate the sale of 370 BTC, valued at approximately $24.83 million. Following a series of transactions, Marathon successfully transferred the 370 BTC to Galaxy just nine hours prior, after which Galaxy proceeded to deposit the tokens onto the Binance exchange four hours later. Notably, Marathon Digital maintains a robust reserve of 12,837 BTC, translating to an impressive worth of around $862 million. This strategic move reflects the firm’s approach to managing liquidity while capitalizing on market opportunities.