MARA Holdings

And I think the phrase he may have used is something like turbocharging that sector because He has direct financial investments.

There's a company named Mara Holdings based out of, I don't know if it's Texas or Florida, but there was an issue in this town, Granbury, where a lot of the residents stated that they were hearing this low-intensity hum, this buzzing noise, because of the Bitcoin mine that was there.

Mara has since attempted to convert it into a data center, but any attempts at regulating that have been undercut at various levels by local and state officials.

Probably because of financial incentives.

Mara Holdings, the owner of the company or CEO, a guy named Fred Thiel, not related to Peter, has donated a lot of money to the Trump administration.

I know I think there was at least one $1 million donation that was reported in the publication of Florida Bulldog that went to one of Trump's super PACs.

Just to get them time with Trump at a special dinner.

So companies like this are constantly investing in Trump.

platforms.

What else do we have? Marathon Digital sent $4,860 Bitcoin, $400 million out of tracked wallets in October alone.

I file that as no shit category because we know that Bitcoin miners have been selling Bitcoin to build out AI data centers because that's a better narrative and a better way for them to make money at the moment.

So we know that publicly traded Bitcoin companies have been to some degree using Bitcoin sales to fund that.

You'd need 20 times your current holdings to get close to that number.

Mara Holdings in fifth place.

We talk about Mara a lot on the channel there and 35,577.

At one point, they were never selling any Bitcoin.

The United States leads with about 330,000, China has about 190,000, and the United Kingdom about 61,000.

On the selling side, BN Crypto and Blockanomy report that Mara Holdings sent about $82.8 million of Bitcoin to exchanges, roughly 1,000 coins over five days.

Mara still holds about 35,577 Bitcoin.

Coins moving to exchanges can mean selling, but not always.

Again, comes Strive at number four with 35,595 Bitcoin.

And the number five is Mara, formerl- formerly Marathon Digital, the mining company turned AI data center company, with a 35,577.

Interestingly, SpaceX comes in at the number seven spot with 18,712 Bitcoin, and Tesla, which is another Elon Musk company, and that's why I find it interesting because, you know, if you talk about Elon Musk companies, uh, they would certainly rate much higher because Tesla holds, uh, the number 11 spot with 11,509 Bitcoin.

You combine the two of those and we're talking about 30,000 Bitcoin, which would actually put them in the number six spot.

Iron Limited fell more than 12%.

Mara Holdings and Riot Platforms shed over 9%, while Galaxy Digital and Robinhood both dropped more than 8%.

That covers a dynamic day across U.S. markets.

We are going to take a brief pause.

Welcome to Block Talk AI, the blockchain unicorns.

We begin with Mara Holdings, which on October ninth transferred nine hundred and ninety-six Bitcoin, valued at approximately eighty-one point one three million dollars, to a wallet identified as belonging to Galaxy Digital.

The move was flagged by blockchain tracker Lookonchain and comes amid a broader pattern of treasury management at Mara.

That's right.

And I would be personally, if I was taking a bet, I would be thinking that we're going to see the 70s here pretty soon and then we might see lower after the midterms depending on what happens the biggest problem obviously is money is leaving us bitcoin etf experience another like another outflows on thursday it follows uh almost a half a billion dollars withdrawals on wednesday and that means almost three quarters of a billion dollars left in two days Looking at some institutional corporate moves, Mara, they moved around $81 million of Bitcoin as it pivots toward AI.

So Mara Holdings is a mining company and they have a lot of compute.

So they transferred almost a thousand Bitcoin or $81 million to addresses associated with Galaxy Digital this morning.

Apparently, the transfer does not confirm Mara sold the Bitcoin.

On the downside, cryptocurrency-exposed stocks took a beating.

Bitcoin fell over 1% to a 2.5-week low, which dragged Riot Platforms down over 9%, Iron down more than 7%, Galaxy Digital down over 6%, and Mara Holdings down over 4%.

Coinbase Global also closed down over 3%.

Finally, Nova LTD fell over 6% following a downgrade to neutral by Citigroup.