MARA Transfers $81.1M in Bitcoin to Galaxy Digital Amid Treasury Decline
The bitcoin miner Marathon Digital has transferred $81.1 million in BTC to Galaxy Digital, coinciding with a significant reduction in its bitcoin holdings.
The bitcoin miner Marathon Digital has transferred $81.1 million in BTC to Galaxy Digital, coinciding with a significant reduction in its bitcoin holdings. Bitcoin (BTC) is trading at $83,064.00. This is an original TLT brief based on reporting by CoinDesk, with live market data added, as of Sun, 11 Oct 2026 15:00:04 UTC.
This transfer highlights a potential strategic shift for Marathon Digital, as its bitcoin treasury has declined by over 33% since February, potentially indicating a change in its long-term holding strategy or operational needs.
- Marathon Digital transferred $81.1M in BTC to Galaxy Digital.
- Marathon's bitcoin holdings fell from 53,822 BTC to 35,577 BTC since February.
- The transfer comes amid a stable crypto market and 'Greed' sentiment.
Marathon Digital, a major bitcoin mining company, has transferred $81.1 million worth of bitcoin to Galaxy Digital, according to multiple outlets. This transaction comes at a time when Marathon's bitcoin holdings have significantly decreased, from 53,822 BTC in February to 35,577 BTC in August, as reported by CoinDesk.
The transfer does not necessarily confirm a sale of bitcoin, but it raises questions about Marathon's strategic direction. The reduction in its bitcoin treasury suggests potential changes in its long-term holding strategy or the need to address operational or financial requirements.
This development is set against the backdrop of a stable overall crypto market, with the total market cap at $2.87 trillion and 
Bitcoin's price showing a modest 24-hour increase of 0.30%, currently trading at $82,993. The Fear & Greed Index stands at 61, indicating a 'Greed' sentiment among investors.
In related news, Samsung Wallet is set to introduce 
USDC transfers on the 
Solana blockchain for eligible U.S. Galaxy users in late October, potentially reaching 82 million devices, as announced by Solana. This move could increase USDC adoption and Solana's utility, although it remains to be seen how this will impact the broader market.
The bitcoin network's hashrate is currently at 1019 EH/s with a difficulty of 132.7T, reflecting the network's robust security and growing mining activity. Meanwhile, USDC's circulating supply is $73.09 billion, according to DeFiLlama, indicating stable demand for the stablecoin.
Since this brief published about 2 days ago, Bitcoin (BTC) has moved from $82,993.00 to $83,064.00 — +0.09%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Over the past 12 months, Bitcoin (BTC) closed within 2.5% of today's $83,064.00 on 27 separate days. Here is what the price did afterwards on those days — a historical base rate, not a forecast:
Computed by TLT from 12 months of daily closing prices. A base rate describes the past distribution of outcomes from similar price levels — it does not predict the future and ignores the specific news in this story. Crypto is volatile and past performance is not indicative of future results. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₦113.29M (about $83,064.00), up 0.2% over 24 hours. The naira itself trades about 2.5% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 11, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
MARA Transfers $81.1M in Bitcoin to Galaxy Digital Amid Trea — questions & answers
Why did Marathon Digital transfer $81.1M in bitcoin?
The exact reason is unclear, but the transfer coincides with a 33% reduction in Marathon's bitcoin holdings since February, suggesting a potential shift in strategy.
What is the current state of Marathon's bitcoin holdings?
Marathon's bitcoin holdings have decreased from 53,822 BTC in February to 35,577 BTC in August.
How does this transfer impact the broader crypto market?
The transfer is unlikely to significantly impact the broader market, but it may influence investor sentiment and perceptions of Marathon's financial health.
How much is 1 Bitcoin worth in naira today?
About ₦113.29M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $83,064.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is up 0.09% since this brief first published — trading at $83,064.00 now versus $82,993.00 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from CoinDesk. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.