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Bitcoin miner MARA purchased 1,000 $BTC, reversing a sell-off the company carried out in the first quarter, according to reporting by Pluang.
The move comes against a backdrop of weakening market demand for the flagship cryptocurrency. A Shift From Q1 Selling MARA spent the first quarter as a net seller of its Bitcoin holdings.
The company's decision to turn buyer marks a directional change in treasury strategy, though the source does not specify the price at which the 1,000 coins were acquired or the total size of MARA's current holdings following the purchase.
The reversal is notable because Bitcoin miners typically face pressure to sell mined coins to cover operating costs — electricity, equipment, and debt service.
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