MARA Stock Falls 18% as Company Transfers 1,318 BTC

TLDR MARA Holdings transferred 1,318 BTC valued at $87 million to multiple wallets and exchanges Thursday Largest transfer of 663 BTC went to Two Prime, with additional bitcoin sent to BitGo addresses MARA stock crashed 18.72% to $6.73 as bitcoin fell to $60,000, now trading below $87,000 production cost Bitcoin miner revenue dropped to $32.62 million from $41.5 million two weeks prior Other mining stocks also fell sharply with IREN down 11.46% and CleanSpark losing 19.13% MARA Holdings transferred 1,318 BTC worth $87 million across various wallets and exchanges Thursday. The moves happened as bitcoin crashed to $60,000 during an extended crypto market selloff. The Bitcoin mining firm #MARA transferred 1,318 $BTC($86.89M) to Two Prime, BitGo, and Galaxy Digital in the past 10 hours.https://t.co/9DlN5ZPsBz pic.twitter.com/ubPZM5iwWi — Lookonchain (@lookonchain) February 6, 2026 Onchain data from Arkham shows the company sent 653.773 BTC valued at $42 million to Two Prime. The digital asset manager received another 8.999 BTC minutes later worth $578,000. MARA also moved 200 BTC and 99.999 BTC to BitGo-linked addresses totaling $20.4 million. An additional 305 BTC went to a fresh wallet worth $20.72 million. Marathon Digital Holdings, Inc., MARA The transfers raised concerns among traders watching for forced miner selling. Crypto markets have experienced extreme volatility following this week’s liquidation-driven selloff. Timing Raises Questions Large bitcoin transfers from miners can mean different things. They could be routine treasury management, custody reshuffling, or collateral positioning. But traders often view them as potential selling pressure in thin markets. The Two Prime transfer stands out because it involves a credit and trading firm. MARA could be posting collateral or entering a trading strategy rather than selling outright. The context makes these moves more worrying for investors. Bitcoin has plunged nearly 50% from its peak above $126,000 last ye...