Marathon Digital Holdings buys 1,292 Bitcoin for $98.6M

Marathon Digital Holdings, the publicly listed Bitcoin miner known by its ticker MARA, picked up 1,292 BTC for roughly $98.6 million, working out to about $76,347 per coin. The purchase was executed through FalconX, an institutional prime broker, and surfaced via on-chain analytics from Lookonchain before any formal company announcement. The timing matters. MARA spent the first quarter of 2026 offloading a substantial portion of its Bitcoin reserves, selling approximately 20,880 BTC for around $1.5 billion. The company channeled proceeds toward operational expenses, liquidity management, and a strategic push into artificial intelligence and high-performance computing infrastructure. From seller to buyer: MARA’s shifting treasury strategy The Q1 sales cut deep into MARA’s holdings. The company entered late 2025 holding roughly 53,822 BTC, a figure that ranked it among the largest corporate Bitcoin holders in the world. By March 2026, that number had dropped to approximately 35,303 BTC, a reduction of more than a third. The September 15 purchase is not MARA’s first move back toward accumulation. The company quietly bought 1,000 BTC through the same FalconX channel back in June 2026, ...