US Bitcoin Miner Marathon Holdings Seen Selling Nearly 1,000 Bitcoin Worth $81.13 Million
JOON HYOUNG LEE
Summary
- U.S. Bitcoin (BTC) miner Marathon Holdings is believed to have sold about 1,000 Bitcoin.
- On-chain analytics firm Lookonchain said Marathon Holdings was estimated to have sold 996 Bitcoin worth about $81.13 million.
- Marathon Holdings ranks fourth among publicly traded companies worldwide by Bitcoin holdings, but posted a second-quarter net loss of $610 million as the crypto bear market weighed on results.
Forecast Trend Report by Period
Marathon Holdings, a U.S. Bitcoin miner, is believed to have sold about 1,000 Bitcoin.
On-chain analytics firm Lookonchain said in an Oct. 9 post on X that Marathon Holdings is estimated to have sold 996 Bitcoin. The sale was worth $81.13 million at the time of the transaction.
Marathon ranks fourth among publicly traded companies worldwide by Bitcoin holdings.
Separately, Marathon posted a net loss of $610 million in the second quarter as the crypto bear market weighed on results. Its Bitcoin production rose 3% from a year earlier to 2,422 in the quarter, but lower Bitcoin prices offset the benefit of increased mining output.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul