Marathon Digital Adds 400 BTC Amid Market Volatility as Bitcoin Rebounds Above $115K

Marathon Digital Holdings, one of the world’s largest Bitcoin mining companies, appears to have taken advantage of last week’s intense market volatility to expand its Bitcoin holdings. According to on-chain data, the firm purchased an additional 400 BTC worth approximately $45.9 million through FalconX early Monday.

The move came shortly after a sharp sell-off on Friday, when Bitcoin briefly plunged nearly 13% in just one hour following renewed U.S.–China tariff tensions. The market turmoil erased roughly $65 billion in open interest across exchanges, triggering widespread liquidations. Despite the chaos, Marathon’s accumulation indicates growing confidence among institutional players and miners who are using market dips as buying opportunities.

As per the data, Marathon now holds about 52,850 BTC, equivalent to roughly $6.06 billion at current prices. The company’s accumulation aligns with its broader growth strategy. In September alone, Marathon mined 218 Bitcoin blocks, marking a 5% production increase compared to August. 

The improvement came even as global hashrate surged 9% month-over-month to an average of 1,031 EH/s, showing the firm’s ability to stay competitive in an increasingly challenging mining environment.

A Buying Opportunity in the Dip

Friday’s flash crash sent shockwaves across crypto markets, with many traders blaming the fall on fears of escalating trade disputes between Washington and Beijing. However, some analysts believe Binance’s internal technical issues may have amplified the sell-off, leading to short-term dislocations in asset prices and liquidity.

Bitcoin has since rebounded, regaining much of its lost ground as risk sentiment improves. At the time of writing, BTC trades around $115,000, up about 3% in the last 24 hours. Analysts suggest that Marathon’s latest purchase may reflect a broader sentiment among institutions that view recent price corrections as temporary, driven more by panic than fundamentals.

Analysts Eye Key Levels Ahead

Still, the recovery remains fragile. Bitcoin’s repeated failure to break above the long-term resistance trendline connecting its 2017 and 2021 highs has left traders cautious.

Some analysts now warn that if momentum weakens again, BTC could retest the psychological $100,000 support zone before attempting another major breakout. However, many, including NBA legend Scottie Pippen, are keeping a cool head. 

For Marathon Digital, the strategy appears clear: accumulate during uncertainty and strengthen its position ahead of the next bullish leg.