MARA Ships $83 Million in Bitcoin to Exchanges as Its Stock Sinks 45%

MARA Holdings, one of the largest public bitcoin miners, moved 1,000 BTC worth roughly $82.8 million to exchanges over five days, which onchain trackers interpret as likely selling. The transfers come as MARA's stock has fallen about 45% in a month, signaling stress at a major miner. Traders often read large miner-to-exchange flows as potential sell pressure on BTC, and miner distress can weigh on sentiment about network economics and forced selling.