#binance #hype #zec #near
13/10/25 07:46 UTC-04

Marathon Buys 400 BTC for $46 Million After the Biggest Crypto Market Crash on October 10

Marathon Digital Holdings (MARA) took advantage of the October 10 market crash to purchase 400 BTC worth $46 million from institutional liquidity provider FalconX. The deal increased the company’s total bitcoin reserves to over 53,000 BTC, reinforcing its position as the second-largest corporate holder after MicroStrategy (640,031 BTC).

According to Arkham Intelligence, the purchase was facilitated through custodial operator Anchorage Digital, with funds provided by FalconX.
The total value of Marathon’s assets now exceeds $6 billion, while the capitalization of its crypto holdings is approaching 2021 levels.

The deal came shortly after the largest liquidation in crypto market history.
On October 10, analysts reported over $19 billion in positions liquidated within a single hour as bitcoin plunged from $121,000 to $106,000, amid renewed U.S.–China tariff tensions.

By the end of the weekend, BTC recovered to $114,800–$114,763, gaining about 3% in 24 hours.

Mining and Market Dynamics

Marathon remains the largest publicly traded miner in the U.S.
In September, the company mined 218 blocks, up 5% from August.
The global hashrate increased by 9%, reaching 1.03 EH/s.

MARA shares closed at $18.64 on October 10, down 7.75% — reflecting the broader market correction.
Analysts believe the 400 BTC purchase signals a renewed confidence among institutional investors in crypto assets after the short-term shock.

See also: "David Namdar: BNB Has Become the Most Interesting Cryptocurrency on the Market"

#Bitcoin (BTC) #Buy #Marathon

Editor: Yulia Krasnaya
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