Mining firm’s institutional deposit signals changing strategies for managing digital assets amid volatile market conditions.
MARA Holdings, a publicly listed Bitcoin mining company, transferred 649 Bitcoin to institutional trading platforms FalconX and Coinbase Prime within 24 hours, according to Arkham Intelligence data.
The Bitcoin miner also moved over 150 Bitcoin to Coinbase earlier this week.
FalconX is an institutional crypto trading platform that facilitates large-scale digital asset transactions for clients, including miners and funds. Coinbase Prime is an institutional-grade trading and custody service designed for professional investors handling significant crypto volumes.
MARA operates large-scale mining facilities to produce Bitcoin and has been moving Bitcoin holdings to institutional platforms, contributing to market discussions about potential asset liquidations amid price fluctuations.
