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According to on-chain data analyst @ai_9684xtpa monitoring, Marathon Digital, one of the North American bitcoin mining giants, is suspected to have entrusted Galaxy Digital to sell 370 BTC, about 24.83 million dollars. After many transfers, Marathon transferred 370 BTC to Galaxy 9 hours ago, and four hours ago, the token was recharged into Binance; Marathon still holds 12,837 BTC, worth $862 million.
According to a recently disclosed document, bitcoin miner Argo has completed the repayment of a $35 million bailout loan to Galaxy, which is said to have been completed in 2022 to avoid bankruptcy during the crypto bear market of that year. The collateral for the loan was 23,619 Bitmain S19J Pro mining machines currently running at Helios and certain equipment located in Argo's Canadian data center.
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