Swift Action After Market Crash! MARA Holdings Spends $46 Million to Buy Bitcoin Dip

Stock News
10/13

Following a historic cryptocurrency market crash, institutional investors appear to view the recent pullback as a strategic opportunity rather than the start of sustained weakness. Bitcoin mining company MARA Holdings (MARA.US) recently made a substantial acquisition of 400 Bitcoin worth $46.29 million from institutional crypto liquidity provider FalconX.

According to Bitcoin Treasuries Net data, the transaction was completed through MARA Holdings' "3MYao" wallet address. Following this purchase, the publicly-traded mining company's total Bitcoin holdings exceeded 53,000 coins, maintaining its position as the second-largest corporate holder, trailing only MicroStrategy (MSTR.US) with its 640,031 Bitcoin.

The acquisition coincided with Bitcoin's price recovery. CoinGecko data shows that Bitcoin gained over 3% in the past 24 hours, climbing back above $115,000, following Friday's largest liquidation event in cryptocurrency history.

The market turmoil was triggered by President Trump's threats to impose "massive" tariffs on China, leading to over $19 billion in position liquidations across cryptocurrency markets. Bitcoin's price plummeted from above $121,000 to below $106,000 during the selloff.

Markets gradually stabilized over the weekend as Trump's tone softened in subsequent Truth Social posts. Swyftx Chief Market Analyst Pav Hundal commented: "Last week saw market chaos, but an almost instantaneous buying frenzy emerged across the board."

He added: "This was the largest liquidation event in crypto history, but every market reset quickly returns to normal, and MARA Holdings' buying activity exemplifies this pattern."

Hundal suggested that MARA Holdings' move appears based on geopolitical economic assessments, believing Bitcoin still has significant upside potential. He noted that current declining oil prices and demand are creating dual pressures on inflation expectations, potentially ushering in a new round of global monetary easing policies that would provide support for Bitcoin.

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