MARA Holdings moves 1,650 BTC worth $132.8 million to Galaxy Digital, Copper and others

The Bitcoin miner keeps shifting coins toward trading platforms as it thins its treasury and leans into AI and high-performance computing MARA Holdings has moved another large pile of Bitcoin off its books and toward the trading desks. The miner transferred 1,650 BTC, valued at roughly $132.8 million, to Galaxy Digital, Copper, and several other platforms around November 5, 2026. The 1,650 BTC went to a mix of destinations, with Galaxy Digital and Copper named among the recipients. Both firms serve institutional clients. When a miner routes coins to that kind of platform, it often points toward a sale, a loan, or some other liquidity move. A transfer is not the same as a sale.

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