TLDR
- Marathon Digital Holdings purchased 400 BTC worth approximately $45.9 million through trading platform FalconX on Monday following Friday’s market crash
- The acquisition brings Marathon’s total bitcoin holdings to between 52,850 and 53,250 BTC, valued at over $6 billion
- Bitcoin dropped nearly 13% on Friday due to U.S.-China tariff tensions before recovering to around $114,800
- Marathon produced 218 blocks in September, a 5% increase from August, as global hashrate grew 9% to 1,031 EH/s
- The company’s stock declined 9.33% on October 10 but has since recovered slightly to trade at $19.13
Marathon Digital Holdings bought 400 bitcoin during Monday’s market recovery, according to blockchain data tracked by Arkham Intelligence. The purchase was worth approximately $45.9 million.
The bitcoin miner executed the transaction through digital asset trading platform FalconX. Blockchain analyst Lookonchain first reported the movement through Arkham Intelligence data.
MARA Holdings, which holds 52,850 $BTC($6.12B), bought another 400 $BTC($46.31M) through #FalconX 2 hours ago.https://t.co/pz4qGMyLze pic.twitter.com/2R42GgwLn4
— Lookonchain (@lookonchain) October 13, 2025
Marathon’s total bitcoin holdings now stand between 52,850 and 53,250 BTC. The exact figure varies slightly between reports but represents over $6 billion in value at current prices.
The purchase came after bitcoin crashed nearly 13% on Friday. The drop followed renewed U.S.-China tariff threats that triggered a global market selloff.
Bitcoin wiped out about $65 billion in open interest during the Friday crash. Some market participants blamed internal errors at cryptocurrency exchange Binance for causing assets to de-peg.
The cryptocurrency has since recovered to trade near $114,800. This represents a 3% gain over the past 24 hours as trade tensions between Washington and Beijing appear to ease.
Marathon’s Mining Operations Expand
Marathon produced 218 blocks in September. This marked a 5% increase compared to August production levels.
Global bitcoin hashrate grew 9% month-over-month during the same period. The hashrate reached an average of 1,031 EH/s.
The company beat Wall Street expectations in the second quarter. Marathon delivered $238 million in revenue, up 64% year-over-year.
By the end of June, Marathon held 49,951 BTC. This represented a 170% increase year-over-year, valued at $5.3 billion at that time.
Strategic Partnerships and Future Plans
Marathon recently announced partnerships with Google-backed TAE Power Solutions and LG-backed PADO AI. These deals focus on developing energy-efficient platforms for AI and data centers.
CEO Fred Thiel stated the company aims to scale to 75 EH/s by the end of 2025. The company positions itself as more than just a bitcoin treasury company.
Marathon’s stock price fell 9.33% on October 10. The stock later recovered slightly by 2.66% to trade at $19.13.
The stock decline occurred despite the company’s operational successes. Mixed options sentiment appears to have overshadowed Marathon’s strategic initiatives.
