crypto.news and Coinfomania both report MARA Holdings moved 996 BTC (~$81.13M) to Galaxy Digital, but they disagree on whether this constitutes a confirmed sale.
What all sources agree on
- MARA Holdings transferred 996.105 BTC worth approximately $81.13 million to Galaxy Digital.
- The transfer was flagged by onchain analytics platform Lookonchain.
- The transaction occurred on or around October 9.
Where the reports disagree
1Whether the transferred Bitcoin was confirmed as sold
Lookonchain did not provide evidence confirming that the transferred Bitcoin had been sold on the open market.
MARA Holdings sold 996 BTC, valued at $81.13M, raising concerns in the bitcoin community.
What would settle it: The original Lookonchain on-chain transaction data or a statement from MARA Holdings confirming the disposition of the transferred Bitcoin.
2Whether the transaction data itself establishes a sale
the transaction only shows a transfer to Galaxy Digital, and whether it was a sale remains unconfirmed.
MARA Holdings dumped 996 BTC worth $81.13M, according to Lookonchain.
What would settle it: The underlying Lookonchain on-chain data or a direct statement from Galaxy Digital or MARA Holdings regarding the purpose of the transfer.
What to make of it
Treat the transfer of 996 BTC (~$81.13M) from MARA Holdings to Galaxy Digital as established, but treat any claim that the Bitcoin was definitively sold as unresolved until MARA, Galaxy Digital, or the original on-chain data confirms the transaction's purpose.
Treat the transfer of 996 BTC (~$81.13M) from MARA Holdings to Galaxy Digital as established, but treat any claim that the Bitcoin was definitively sold as unresolved until MARA, Galaxy Digital, or the original on-chain data confirms the transaction's purpose.