Marathon Digital Holdings buys 1,292 bitcoin for about $98.6 million via FalconX

Marathon Digital Holdings (MARA) bought 1,292 bitcoin for about $98.6 million, according to Crypto Briefing and CoinGape, which cited Lookonchain and placed the transaction value at about $98.64 million ^{[1] [2]}.

CoinGape reported the purchase was executed through FalconX, citing on-chain analytics from Lookonchain ^[2].

Other outlets said the acquisition expanded MARA’s bitcoin treasury, with one report citing an average price near $76,300 per coin and noting the company is formerly known as Marathon Digital Holdings, while CoinoMedia also described the purchase as adding to MARA’s bitcoin treasury ^{[3] [4]}.

Crypto Briefing characterized the acquisition as potentially signaling a strategic pivot that could influence other bitcoin miners’ reserve strategies, in the context of evolving market dynamics ^[1].

CoinGape linked the announcement timeframe to discussion among AI industry leaders calling for a slower, more tightly supervised pace of frontier model development, though this appears as contextual reporting rather than a stated reason for the bitcoin purchase ^[2].