Arkham data shows bitcoin miner Marathon bought 150 BTC through its custodian Anchorage Digital as prices plunged, with fresh FalconX inflows hinting at continued institutional accumulation.
By Sam Reynolds|Edited by Omkar Godbole
Oct 13, 2025, 5:55 a.m.
- Marathon Digital Holdings increased its bitcoin holdings by purchasing an additional 400 BTC valued at approximately $45.9 million.
- Bitcoin experienced a significant drop of nearly 13% due to U.S.–China tariff tensions, but has since recovered slightly.
- Analysts warn that bitcoin’s inability to maintain gains above key resistance levels may lead to a retest of $100,000.
Marathon Digital Holdings (NASDAQ: MARA) appears to have taken advantage of Friday’s market turmoil to load up on bitcoin BTC$115,215.74, according to data curated by Arkham Intelligence.
Marathon Digital Holdings, which holds about 52,850 BTC (worth roughly $6.06 billion), purchased an additional 400 BTC valued at about $45.9 million through FalconX early Monday, according to Arkham Intelligence data tracked by blockchain sleuth Lookonchain.
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MARA’s move suggests that corporates and miners are once again accumulating BTC into volatility, similar to the patterns seen in prior market resets. The miner produced 218 blocks in September, a 5% increase over August, as global hashrate grew 9% month-over-month to an average of 1,031 EH/s.
CoinDesk reached out to MARA for official confirmation.
Bitcoin plunged nearly 13% within an hour on Friday after renewed U.S.–China tariff threats sparked a global risk-off wave, wiping out about $65 billion in open interest, although some market stakeholders suggest the real culprit in the crash was Binance, with internal errors causing assets to de-peg.
At the time of writing, bitcoin traded near $114,800, up about 3% in the past 24 hours as trade-war tensions ease between Washington and Beijing.
BTC’s failure to sustain gains above the long-term resistance trendline from the 2017 and 2021 highs could open the door to a retest of $100,000, according to CoinDesk analysts.
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“ETF inflows remain strong, exchange balances near cycle lows, and the broader narrative is arguably stronger after the washout,” one analyst said.
What to know:
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- The market showed signs of recovery as U.S.–China trade tensions appeared to ease.
- Traders are optimistic about the long-term structure despite recent volatility and liquidations.
