According to the latest data from on-chain analytics platform Lookonchain, Bitcoin mining company MARA Holdings has just made a notable purchase. Specifically, just two hours ago, MARA Holdings bought another 400 Bitcoin (BTC) through institutional trading platform FalconX, with a total estimated value of approximately $ 46.31 million.
MARA Holdings currently holds a total of 52,850 BTC, which is worth about $6.12 billion at market value. This is one of the largest Bitcoin holdings of any listed company in the world, behind only a few other “big guys” in the institutional investment sector.
MARA Holdings’ move to add to its holdings comes amid a record-breaking drop in the cryptocurrency market. On October 11, Bitcoin suffered its biggest drop since early 2025, plummeting below $110,000 just hours after the Trump administration announced it would impose a 100% tariff on all imports from China. The move not only sent shockwaves through global financial markets, but also triggered a record-breaking wave of liquidations in the cryptocurrency market, wiping out more than $19 billion in just 24 hours.
