en
Back to the list

Bitcoin Miner Marathon Digital Transfers 1,318 BTC Worth $87M, Is a Sell-Off Coming

source-logo  coinpedia.org 06 February 2026 08:31, UTC
image
Story Highlights

  • Marathon Digital moved 1,318 Bitcoin worth $87 million to major institutional crypto service platforms recently.

  • Transfers were sent to Two Prime, BitGo, and Galaxy Digital within a short ten-hour window period.

  • Marathon still holds 52,850 $BTC, keeping its position among the world’s largest corporate Bitcoin holders today.

Bitcoin miner Marathon Digital Holdings has transferred nearly $87 million worth of Bitcoin to major crypto service firms, sparking concerns about fresh selling pressure.

The move comes as Bitcoin trades around $64,800 after a sharp drop, adding to fears that miners may be increasing sell-offs.

Know when your
coins move

Alerts, real-time prices, and market news — all in one app
qr-code Point your phone camera to install
4.8 based on 40K reviews in the App Store and Google Play

Marathon Digital Bitcoin Transfer Signals Possible Selling

On February 6, Marathon Digital Holdings moved a total of 1,318 $BTC valued near $87 million to institutional platforms, including Two Prime, BitGo, and Galaxy Digital.

These are well-known institutional platforms that provide custody, trading, and liquidity services. When a mining company sends coins to such firms, it often signals preparation for structured selling, collateral use, or treasury rebalancing.

Miner & Whale Continue to Sell Bitcoin

One major pressure is coming from Bitcoin miners. The average mining cost has risen above $87,000, while Bitcoin trades near $65,402, forcing many miners to sell at a loss. CryptoQuant data shows miner reserves have dropped to 1.806 million $BTC, confirming rising sell-offs.

Meanwhile, selling is not limited to miners. Santiment data reveals that Bitcoin whales and large holders are also reducing positions.

Wallets holding between 10 and 10,000 $BTC now control just 68.04% of total supply, a nine-month low. These large holders have sold about 81,068 $BTC in the last eight days alone.

coinpedia.org