Bitcoin mining giant MARA Holdings has capitalized on last week's historic crypto market crash, acquiring 400 BTC valued at $46.29 million from institutional crypto liquidity provider FalconX. This significant purchase, executed through MARA's wallet address "3MYao," boosts the publicly-traded company's total Bitcoin holdings to over 53,000 BTC, solidifying its position as the second-largest corporate Bitcoin holder, behind only Strategy.
This strategic acquisition by MARA underscores a broader trend among institutional investors who view the recent market downturn as a prime buying opportunity rather than an indicator of prolonged weakness. The move comes as Bitcoin has demonstrated a strong rebound, climbing to $114,763 (up 3.2% in the last 24 hours), following Friday's record-breaking liquidation event.
The market crash, which saw over $19 billion in crypto positions wiped out and Bitcoin plummet from above $121,000 to below $106,000, was initially triggered by President Donald Trump's threats of "massive" tariffs against China. However, market stability returned over the weekend after Trump softened his rhetoric, expressing a desire to "help China, not hurt it," and extending respect to Chinese President Xi Jinping."
The market broke down into chaos last week and almost immediately everybody was buying,” commented Pav Hundal, Lead Market Analyst at Swyftx. He noted that despite being the largest liquidation event in crypto history, the market is quickly resuming its normal operations, a pattern evident in MARA's recent actions. Hundal suggested that MARA's decision likely stems from an analysis of geo-economics, anticipating further room for Bitcoin growth, possibly due to potential global monetary easing in response to declining inflation forecasts and reduced oil prices and demand. Despite the bullish Bitcoin purchase, MARA's stock experienced a 7.75% decline on October 10, reflecting broader market weakness.
October 2025, Cryptoniteuae