Marathon Holdings Said to Have Sold 996 Bitcoin Worth $81.1 Million

U.S. Bitcoin miner Marathon Holdings is believed to have sold about 1,000 Bitcoin.

On-chain analytics firm Lookonchain wrote on X on October 9 that Marathon Holdings is estimated to have sold 996 Bitcoin. The sale was worth $81.13 million at the time.

Marathon Holdings ranks fourth among publicly traded companies globally by Bitcoin holdings.

Separately, Marathon Holdings posted a net loss of $610 million in the second quarter as the crypto market downturn weighed on results. The company mined 2,422 Bitcoin in the quarter, up 3% from a year earlier, but lower Bitcoin prices offset the benefit of increased production.