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BTC Two major Bitcoin companies reappear large-scale online transfers
The online analysis platform Lookonchain detected on August 5, 2026 that MARA Holdings and Strategy had significant Bitcoin wallet changes, making these two largest enterprise-level Bitcoin holders once again the focus of the market.
MARA transfers 6000 bitcoins to Two Prime
According to Lookonchain data, bitcoin miner MARA transferred 6000 bitcoins (worth approximately US$384.6 million) to Two Prime. The platform pointed out that the transfer does not necessarily mean a sale.
Large transfers related to mining companies often reflect regular treasury management, custodian account adjustments, collateral changes or preparations for over-the-counter transactions, but in illiquid markets, such operations are often interpreted as supply signals.
Considering the existing partnership between the two companies, this transfer to Two Prime is particularly noteworthy. Two Prime is an investment advisory firm registered with the U.S. Securities and Exchange Commission that provides institutional investors with Bitcoin exposure through customized derivatives strategies. Its clients include corporate finance departments, mines and family offices; in addition, its credit team is one of the largest Bitcoin mortgage lenders in the world. If these bitcoins are used as collateral or transferred into a strategy, it does not necessarily mean a spot sell-off.
Strategy associated wallets are also active
According to Lookonchain monitoring, Strategy associated wallets also transferred 1030 bitcoins (worth approximately US$66.1 million). The purpose of this transfer has not been disclosed. This trend continues the company's recent trend of frequent chain activities.
There were similar on-chain transfers last month before Strategy disclosed a bitcoin sale of approximately $216 million. Analysts therefore pointed out that the latest transfer could also signal another sale. Strategy has not yet issued an official statement on this bitcoin transfer.
Strategy is the world's first and largest Bitcoin treasury company, holding more bitcoins than any other publicly traded entity. The transfer occurred a few days after the company announced its second-quarter earnings report: a loss per share of $24.45 under U.S. General Accounting Standards, which was mainly due to an unrealized loss of $8.32 billion on its Bitcoin holdings under fair value accounting rules.
Neither company has confirmed that it has sold the transferred bitcoins. Analysts and traders expect any SEC filings or public disclosures released in the next few days to help clarify the intentions behind both operations.
