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

MARA Holdings transferred 1,650 BTC valued at roughly $132.8 million to Galaxy Digital, Copper and other counterparties, marking a shift away from its long-standing Bitcoin hoarding strategy as it redirects capital toward AI investment. The move matters because routing coins through over-the-counter desks and custodians rather than directly onto exchanges may reduce visible selling pressure on BTC markets. MARA remains one of the largest corporate Bitcoin holders, so the pace of further transfers will be closely watched. Traders will also monitor whether the counterparties distribute the coins to exchanges or hold them, and how MARA's AI spending plans affect its mining economics.