Marathon Digital routes 1,318 BTC (≈$86.9M) to Two Prime, BitGo and Galaxy Digital
On-chain data and reporting show the bitcoin miner moved more than $86 million worth of BTC to institutional trading desks and custody addresses during a period of market volatility.
Marathon Digital transferred 1,318 BTC, worth about $86.9 million, in multiple transactions to institutional counterparts including Two Prime, BitGo and Galaxy Digital, according to on-chain trackers and media reports [1][2][3].
On-chain data cited by Cryptopolitan reported a 653.77 BTC transfer to Two Prime and separate 99.99 BTC and 280 BTC transfers to BitGo; CoinDesk described the largest allocation as more than 660 BTC to Two Prime. CryptoNews said the moves were executed over roughly 10 hours as bitcoin slipped toward about $64,000 [1][2][3].
Coverage noted the transfers occurred amid a volatility-driven market move and that traders were watching for possible miner selling; EthNews characterized the activity as routed to institutional trading venues during the volatility [4][3].
The transaction traces were attributed to on-chain analysis (Arkham/Lookonchain) and reported by multiple outlets, which identified trading desks and custody providers as the recipients of Marathon’s BTC [1][2].
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Citations
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- 1MARA moves $86.9M in Bitcoin through Two Prime, BitGo and Galaxy DigitalCryptopolitan• Feb 6, 2026
- 2
- 3Bitcoin Miner MARA Moves 1,318 BTC in 10 Hours, Traders Wary of Forced Miner SellingCryptoNews• Feb 6, 2026
- 4MARA Holdings Routes 1,317 BTC During Volatility-Driven SelloffETHNews• Feb 6, 2026
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