Bitcoin Updates: Bitcoin Drops 8% in October, Treasury Holdings Increase as Companies Strengthen Digital Asset Reserves

Bitget-RWA2025/11/05 04:20

By:Bitget-RWA

- Marathon Digital transferred 2,348 BTC ($236M), reflecting institutional Bitcoin accumulation amid October's 8% price drop. - Firms like MicroStrategy and Hut 8 increased holdings to 804,680 BTC, adopting countercyclical strategies despite $18.8B market cap declines. - Energy diversification and regulatory reviews (e.g., FHFA mortgage implications) highlight Bitcoin's evolving role as a reserve asset. - Treasury firms face valuation risks but maintain bullish strategies, with MARA targeting 50% internati

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Marathon Digital Holdings (MARA) has drawn attention by moving 2,348 Bitcoins—valued at $236 million—within the last 12 hours, marking a notable strategic action in the crypto industry. This move reflects a wider shift in

Bitcoin

treasury strategies, as more institutions now view the cryptocurrency as a fundamental reserve asset. The transfer comes after a turbulent October for Bitcoin, which ended the month at $110,150—an 8% monthly drop—leading to a $18.8 billion decrease in the market value of publicly traded Bitcoin treasuries, according to

Yahoo Finance

. Nevertheless, companies such as

MARA

, MicroStrategy, and

Hut 8

have kept increasing their Bitcoin reserves, with total holdings reaching 804,680 BTC by the end of the month, the report noted.

This assertive accumulation by treasury-focused firms demonstrates a strategy that runs counter to market cycles, especially amid regulatory and economic uncertainties. Michael Saylor’s Strategy, which owns 640,808 BTC, recently revealed a 10.5% monthly dividend for its

STRC

shares, showing strong faith in its Bitcoin-based financial model. The company’s third-quarter results—$3.9 billion in profit versus a $432.6 million loss in the same period in 2024—have reinforced its aggressive Bitcoin buying. Meanwhile, MARA’s Q3 results, as reported by

Cointelegraph

, showed a 92% year-over-year jump in revenue to $252 million, with net income at $123 million, and Bitcoin holdings nearly doubling to 52,850 BTC. Hut 8 also reported a 97% growth in its Bitcoin stash, now at 13,696 BTC, according to

Markets.com

Bitcoin Updates: Bitcoin Drops 8% in October, Treasury Holdings Increase as Companies Strengthen Digital Asset Reserves image 0

The drive among institutions to build up Bitcoin reserves has been strengthened by a shift in corporate focus toward diversifying energy and infrastructure. MARA’s CEO, Frederick Thiel, described the company’s evolution into a “vertically integrated digital infrastructure company,” combining Bitcoin mining with AI and energy initiatives, as reported by

Seeking Alpha

. The acquisition of Exaion, a subsidiary of a French state-owned utility, and a 400-megawatt power project in Texas illustrate this new direction, the article added. Hut 8 is also expanding its North American operations to 2.5 gigawatts, using Bitcoin as a safeguard against energy price swings, Markets.com noted.

Regulatory shifts are also pointing to greater institutional acceptance of digital assets. The U.S. Federal Housing Finance Agency (FHFA) is currently assessing whether crypto assets should be factored into mortgage applications, according to

CoinDesk

. Director Bill Pulte, who holds Bitcoin, mentioned that this review could change how Fannie Mae and Freddie Mac measure borrower wealth. This review comes as MARA and other companies face questions about the practicality of using Bitcoin as a reserve. Despite a 13% drop in the value of Bitcoin treasury firms in October, institutional interest remains high, with continued investments in Bitcoin spot ETFs and preferred stocks like STRC.

Macroeconomic factors have also shaped market sentiment. The S&P 500 and Nasdaq extended their gains in October, and crypto-related stocks such as MicroStrategy (up 5.87%) and MARA (up 2.87%) outperformed, according to

Lookonchain

. Experts credit this strength to Bitcoin’s rising role as a strategic reserve, with nations like Bhutan and Dubai reportedly considering making it legal tender, per

Moomoo

. Still, challenges remain: Bitcoin’s recent 6% slide to $99,000 and the possibility of higher U.S. interest rates could challenge even the most optimistic treasury strategies.

As MARA and its peers adapt to these changing conditions, their priorities are expanding operations and securing affordable energy to stay profitable. With MARA aiming for half its revenue to come from international markets by 2028, and the U.S. accounting for 37% of the global Bitcoin mining hashrate, the industry’s future will depend on balancing innovation with regulatory certainty. For now, MARA’s $236 million Bitcoin transfer highlights a sector in transition—where risk and opportunity go hand in hand.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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1. Technology stocks fell sharply as investor interest shifted toward energy and selected defensive assets. From October 10 to 16, the Nasdaq 100 declined 5.49% and the S&P 500 fell 1.95%, while the Dow gained 0.67% and WTI crude rose 10.41%. BTC, ETH, and SOL declined 1.27%, 2.65%, and 4.44%, respectively. This week's technology earnings will be an important test of whether revenue growth, margins, and cash flow can justify current valuations. Better-than-expected results could help stabilize markets in the near term. 2. Crypto continues to see pockets of strong activity, but a broad-based altcoin season has yet to materialize. CoinMarketCap's (CMC) Altcoin Season Index stood at 54 as of the October 18 UTC daily observation, below the altcoin-season threshold of 75, while BTC dominance rose to 60.08%. Our proxy leverage ratio fluctuated between 4.00 and 4.07 during the week, showing no sustained increase and suggesting limited appetite for additional leverage. Meanwhile, as major exchanges expand access to traditional financial assets, the recent sell-off in AI-related equities could attract short-term speculative capital away from crypto. Such capital rotation could make it more difficult for a new altcoin season to take hold. 3. Papertrade's loss-to-mine model has generated significant interest across the crypto community. The protocol combines high-leverage derivatives trading with zero slippage and a mechanism that rewards trading losses with PAPER tokens. Across the eight complete UTC days from October 10 to 17, cumulative reported revenue reached approximately $56.08 million, including $51.90 million distributed to token holders. With growing participation from key opinion leaders (KOLs), Papertrade has reportedly ranked among the top three platforms by profitability in the broader market recently. Assets to watch: BTC, ETH, SOL, ARB, OP, SKHYNIX, SKHY, META, TSLA, LRCX, and SPCX. Key research priorities this week: Cash flow performance in technology earnings; the relative discount and holding costs of the two SK Hynix contracts; and U.S. initial jobless claims and PMI data. Weekly market data cover the period through October 16, while research information was verified through October 18. Observation periods are specified separately for each chart.

Bitget•2026/10/19 06:51