MARA Holdings Buys 400 BTC Amid Bitcoin Relief Rally

Published: 2025-10-13 11:05:14 |

Crypto miner MARA Holdings has added 400 BTC to its treasury in a $46.3 million FalconX purchase via the “3MYao” wallet, raising its total Bitcoin holdings to over 53,000 BTC—second only to MicroStrategy. Onchain data also shows a new wallet received 500 BTC ($55.9 million) from BitGo. The buys come as Bitcoin dipped to about $106,000 following a $19 billion market sell-off triggered by US–China tariff tensions and record liquidations of over 1.6 million traders. BTC later staged a relief rally to around $115,100, while major altcoins climbed: ETH +10.5% to $4,138; BNB +16.5%; SOL +12%; DOGE +11.4%. Analysts Pav Hundal and Dean Serroni say MARA Holdings’ strategic accumulation underscores growing institutional confidence in Bitcoin’s long-term upside amid geopolitical headwinds and potential global rate cuts.

Bullish

MARA Holdings’ purchase of 400 BTC during a market dip demonstrates strong institutional confidence and adds significant buy support around key levels. This on-chain accumulation, combined with a swift relief rally in BTC and major altcoins, suggests positive short-term momentum as traders respond to fresh demand. Longer-term, consistent treasury buildup by major miners often precedes sustained bullish trends, especially amid geopolitical tensions and looming rate cuts. Overall, the strategic accumulation points to a bullish outlook for Bitcoin.