Onchain data reveals that MARA, one of the world's largest Bitcoin mining companies, has purchased 1,292 BTC worth approximately $98.6 million, continuing its strategy of accumulating the leading cryptocurrency.
The move comes as mining firms increasingly shift toward holding Bitcoin rather than selling it immediately, driven by bullish market expectations and rising institutional demand through ETFs. MARA is among the largest corporate holders of Bitcoin, giving it significant market influence.
Analysts note that sustained buying by major miners reduces the available supply on exchanges, potentially supporting prices in the medium term.