Marathon Digital Holdings, one of the largest Bitcoin [BTC] miners, has added 1,000 BTC worth $66.7 million to its balance sheet in the early hours of Tuesday, the 16th of June, deepening a corporate treasury position it has spent the year building out.
The purchase lifts the miner’s total holdings to roughly 36,303 BTC, valued at $2.4 billion, according to the latest data from BitcoinTreasuries. It’s enough to rank Marathon as the fourth-largest Bitcoin digital-asset treasury (DAT).
Marathon’s move fits a wider pattern. Bitcoin held by DATs has grown 3.2% over the past 30 days to reach 1.263 million BTC, or roughly $83.84 billion, as these firms continue to treat the asset as a core reserve holding.
Michael Saylor’s Strategy has driven much of that growth, reportedly acquiring 3,136 BTC this month through purchases dated the 8th and 15th of June.
The firm also recorded its first publicly disclosed sale, offloading 32 BTC in a move that fed into a broader pullback, which dragged Bitcoin to $63,000 over the past week. Strategy now holds $56.3 billion worth of the asset.
The scale of this buying carries weight, and with Bitcoin still trading in the $60,000 region at press time, the timing points to a deliberate effort to accumulate at lower prices.
U.S. demand trails the global market
The clearest read on whether this marks genuine conviction rather than opportunistic buying runs through the U.S. spot Bitcoin ETFs, which capture how traditional American investors are positioned.
Those funds tell a more cautious story. Spot Bitcoin exchange-traded funds have largely continued to bleed capital, recording only two days of net inflows between April 15 and now—$3.05 million on June 4 and $85.85 million on June 12. In the session ending April 15, investors instead pulled $64.09 million as renewed geopolitical conflict tipped the market into a cooldown.
The Coinbase Premium Index reinforces that gap.
The gauge, which measures U.S. Bitcoin demand against global activity on Binance, has slipped to roughly negative 0.0078, signalling a softer appetite among American buyers relative to the rest of the market. The longer view is less bleak, however, with the reading recovering sharply from -0.179 on the 27th of May.
Bitcoin’s year-to-date slide frames the bet
Bitcoin has struggled for most of the year, sitting at least 23.05% lower on a year-to-date basis as selling pressure persists. Analysts tie much of that decline to escalating tensions between the U.S. and Iran, which have steadily pulled capital out of risk assets and left Bitcoin leading the losses.
The mood has lifted in recent sessions as the warring parties edge toward a possible resolution, and Bitcoin has tracked the shift higher, gaining 7.66% over the past seven days.
For DATs, the recent accumulation reads as a wager that prices climb from here — though analysts caution that a slide toward $53,000 remains in play, consistent with how Bitcoin has behaved in past bear cycles.
- Marathon has bought 1,000 Bitcoin worth $66.7 million, joining a wave of companies stacking the asset as a long-term reserve.
- Despite the buying spree, everyday U.S. investors remain cautious, with Bitcoin funds in the country still seeing money flow out.