Marathon Digital Holdings has transferred 1,318 Bitcoin, valued at approximately $86.89 million, to Two Prime, BitGo, and Galaxy Digital over the past 10 hours. This move comes as the company maintains its position as the second-largest holder of Bitcoin globally, with a total of 52,850 BTC.
The transfer occurs against a backdrop of declining Bitcoin prices, with OKX market data indicating a 9.85% drop in the past 24 hours, bringing the price to $64,840. Marathon's strategic asset management continues to be closely watched by market participants.
Marathon Digital Transfers 1,318 BTC Amid Market Decline
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