Marathon Digital Holdings (MARA) disclosed a purchase of 1,000 Bitcoin through the FalconX platform, costing roughly $66.7 million. The deal implies an average price of about $66,700 per coin. Investors view the move as a direct bet on the cryptocurrency’s future performance.
Transaction Details
The acquisition averaged about $66,700 per Bitcoin, according to blockchain analytics firm Lookonchain. Although Marathon has not yet confirmed the trade, the data aligns with the reported outflow of funds on the FalconX exchange. The transaction highlights Marathon’s continued engagement with the crypto ecosystem.
Share Price Reaction
Following the news, MARA stock closed at $14.64, marking a 3.98% rise from the previous session. The ticker briefly touched an intraday high near