MARA Deposits $82.8M in Bitcoin to Trading Platforms in Unstable October

MARA Holdings appears to be offloading Bitcoin (BTC) once more while October volatility persists. Addresses associated with the miner transferred 1,000 BTC to Binance and Gate across five days.

Bitcoin mining company MARA Holdings (@MARA) appears to be selling $BTC.

Wallets linked to #MARA deposited 1,000 $BTC ($82.8M) into #Binance and #Gate over the past 5 days.https://t.co/7paYjsC4h9 pic.twitter.com/4jTrsGnMwB

— Lookonchain (@lookonchain) October 19, 2026

MARA Again Moves Bitcoin to Exchanges in October 2026

The on-chain tracker Lookonchain put the newest transfers at roughly $82.8 million. An earlier move on October 9 saw 996 BTC, about $81.13 million, leave MARA for a Galaxy Digital wallet, according to Lookonchain.

These two moves do not prove that MARA sold the coins. Blockchain activity only reveals deposits at Galaxy, Binance and Gate, not whether a sale occurred. Crypto holders also shift assets to exchanges or trading desks for collateral or custody changes.

MARA's regulatory filings show how much headroom it has to sell. The miner held 35,577 BTC at end-June, per its second-quarter shareholder letter. Of that, 9,270 BTC had been lent out or put up as collateral.

During that quarter, MARA disposed of 2,213 BTC at an average $73,078. The firm also said it intends to continue selling bitcoin whenever opportunities arise.

The 1,000 BTC deposited recently amount to about 2.8% of the June inventory. Before that, MARA sold 15,133 BTC in March to repurchase convertible debt.

Large-scale selling by miners is nothing new. In the first quarter, publicly traded miners offloaded more than 32,000 BTC, a record, according to BeInCrypto.

Substantial miner transfers have kept coming in October. On October 16, Lookonchain noted that Hut 8 moved 1,589 BTC, valued at $130 million, to multiple exchanges within two days.

Bitcoin Gains Ground as Crude Slides

The latest transfers reached trading platforms as bitcoin recovered some lost ground on Monday. At press time, the cryptocurrency was at $82,573, a gain of 1.07% over 24 hours, according to BeInCrypto Markets data.

That rise coincided with a slide in oil prices. Brent hit $110 on Friday, its first time that high since May. It later fell more than 2.2% to $107.95 per barrel at press time, while US crude declined 2.07% to $99.2.

Stock index futures also bounced back following last week's chip selloff. Nasdaq 100 futures rose 1% earlier in the day. S&P 500 futures added 0.7% as well.

Nevertheless, bitcoin has fallen 1.18% since October 1. It sits roughly 34.5% under its record high of $126,080 set on October 6, 2025. BeInCrypto has flagged thin liquidity, softer ETF demand and war risk as headwinds this month.

MARA's Q3 earnings report will likely reveal how much of the transferred bitcoin was actually sold.