Bitcoin: MARA’s $82M exchange deposits put recovery under scrutiny

The prolonged market weakness put pressure on some Bitcoin [BTC] treasuries to maintain their holdings. Some, including MARA Holdings, sold Bitcoin to fund operations. Others, such as Empery and Trump Media, sold to cut losses. Yet recovering prices have increased the value of treasury holdings, giving firms more room to decide whether to hold or sell. Is MARA preparing to sell 1,000 BTC? Speculation about a potential MARA Holdings sale returned after another round of exchange deposits. According to Lookonchain, wallets linked to MARA deposited 1,000 BTC, worth $82.8 million, into Binance and Gate. The transfers recalled MARA’s earlier sales.

Source: AMBCrypto