Marathon Digital (MARA) Buys 400 Bitcoin After BTC Price Drop, On-Chain Data Reveals

Marathon Digital Holdings (NASDAQ: MARA) capitalized on recent market volatility by acquiring 400 BTC worth approximately $45.9 million through FalconX, according to Arkham Intelligence data monitored by Lookonchain. The mining giant, which currently holds about 52,850 BTC valued at roughly $6.06 billion, demonstrates continued corporate accumulation during price fluctuations. Marathon's mining operations showed strength with 218 blocks produced in September, representing a 5% increase from August, while global hashrate grew 9% month-over-month to 1,031 EH/s. The BTC purchase follows Friday's 13% price plunge triggered by U.S.-China trade tensions and market volatility. Bitcoin currently trades near $114,800, showing 3% gains as trade war concerns ease, though analysts warn of potential retests of $100,000 if key resistance levels aren't maintained.