Bitcoin miner MARA Holdings boosted its corporate Bitcoin holdings by 400 BTC, valued at approximately $46.3 million, purchasing from institutional liquidity provider FalconX.
The acquisition raises MARA’s total BTC reserves above 53,000 coins, keeping it second only to MicroStrategy’s 640,031 BTC among publicly-traded companies.
The move comes after last week’s historic crypto selloff, which wiped out over $19 billion in leveraged positions.
Bitcoin plunged from above $121,000 to below $103,000 following threats of “massive” tariffs from U.S. President Donald Trump. The market recovered over the weekend as tensions eased, with Trump signaling a softer stance toward China.
Analysts see MARA’s purchase as a strategic bet. Pav Hundal, lead market analyst at Swyftx, noted that the company appears to be viewing the crash as a buying opportunity rather than a sign of prolonged weakness. “The market broke down into chaos last week, and immediately institutions started accumulating,” Hundal said, highlighting MARA’s timing as a signal of confidence in Bitcoin’s near-term upside.
Macro factors also influence MARA’s strategy. Lower oil prices and weakening demand may push central banks toward additional monetary easing, creating a favorable backdrop for Bitcoin.
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