Bitcoin Mining Giant MARA Sparks Selling Concerns With $133 Million Transfer

Bitcoin mining behemoth MARA Holdings has again raised concerns over possible selling pressure on Bitcoin after it transferred around $133 million worth of BTC to multiple institutional crypto platforms. According to data from blockchain analytics firm Lookonchain, MARA moved a total of 1,650 BTC (around $132.8 million) to platforms like Galaxy Digital, Copper, and others in the past 12 hours. The latest transactions, which were first reported on Nov. 5, came a few weeks after a series of massive Bitcoin movements involving the publicly listed mining company.