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Bitcoin miner Marathon Digital (MARA) has transferred 1,318 BTC, worth $86.9 million, in 10 hours as Bitcoin slumps to $64K. The miner moved to a mix of three crypto wallets, on-chain data revealed.
Per Arkham, MARA moved a large chunk of 653.773 BTC to credit and trading firm Two Prime, worth about $42.01 million in one transfer. Minutes later, a smaller amount of 8.999 BTC, worth about $578,000, was sent to the same Two Prime-tagged address.
A separate chunk of about 300 BTC was sent to crypto custodian BitGo-linked wallet, split into two transactions, worth roughly $20.4 million at the time.
Besides, MARA also moved 305 BTC to a fresh wallet address, valued at $20.72 million.
Tough Period for BTC Miners
Bitcoin has been...