Marathon bought $46 million worth of bitcoin after the biggest market crash

The purchase came after the biggest liquidation in crypto market history — more than $19 billion — caused by trade threats between the US and China

Marathon bought 400 BTC for $46 million after the biggest crypto market crash on October 10

13.10.2025 - 11:00

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Key points:

Marathon Digital acquired 400 BTC for $46 million after the market crash on October 10.
The company brought its total reserves to more than 53 000 BTC.

Marathon Digital Holdings (MARA) took advantage of the market crash on October 10 and purchased 400 BTC worth $46 million from institutional liquidity provider FalconX. The deal increased the company’s total bitcoin reserves to more than 53 000 BTC, strengthening its position as the second-largest corporate holder after Strategy (640 031 BTC).

According to Arkham Intelligence, the purchase went through custodial operator Anchorage Digital, and the funds came from FalconX. Marathon’s total assets are now worth over $6 billion, and the capitalization of its crypto reserves is approaching 2021 levels.

Source: x.com

The deal took place shortly after the largest liquidation in the history of the cryptocurrency market. According to analysts, on October 10, positions worth more than $19 billion were closed in one hour when bitcoin fell from $121 000 to $106 000 amid threats of trade tariffs between the United States and China.

By the end of the weekend, the BTC price had recovered to $114 800–$114 763, gaining about 3% over the day.

Mining and market dynamics

Marathon remains the largest public miner in the US. In September, the company mined 218 blocks, which is 5% more than in August. The global hashrate grew by 9%, reaching 1,03 EH/s.

MARA shares closed at $18,64 on October 10, down 7,75% from the previous level, reflecting the overall market correction. Analysts believe that the purchase of 400 BTC signals a restoration of institutional players’ confidence in cryptocurrencies after a short-term shock.

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