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MARA Holdings bought 400 BTC worth $46 million following last week’s crash.
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The miner now holds over 53,000 BTC, the second-largest corporate reserve after Strategy.
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Analysts say the move shows confidence that Bitcoin still has upside.
Buying the Dip
Bitcoin mining firm MARA Holdings purchased 400 BTC for $46.29 million from liquidity provider FalconX after Friday’s historic liquidation event. The move increased MARA’s total holdings to more than 53,000 BTC.
Bitcoin’s price has since recovered to around $114,700 after plummeting below $106,000 during the crash. Analysts say the firm is betting that the sell-off was a short-term panic rather than the start of a downtrend.
Analysts See Renewed Confidence
“This was the largest liquidation event we’ve ever seen, but the market bounced back quickly,” said Pav Hundal, lead analyst at Swyftx. “MARA is taking a calculated call that Bitcoin has more room to run.”
He added that Trump’s softened stance on tariffs and expectations of global monetary easing could help fuel another Bitcoin rally.
