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Monitored by Woofun AI, MARA Holdings executed a counter-cyclical acquisition of 1,000 BTC from liquidity provider FalconX, valuing the transaction at approximately $66.7 million with an average entry price of $66,700 per coin. This strategic accumulation occurred amidst downward pressure on Bitcoin following the Federal Reserve's hawkish dot plot release, marking the firm's first significant buyback since liquidating 20,880 BTC in the first quarter. Consequently, total holdings are projected to increase from 35,303 coins as of March 31 to approximately 36,303 coins, with the transaction verified via on-chain data prior to formal 8-K disclosure.
Concurrently, Robinhood Markets shares defied broader market trends, surging to an intraday high of $110.73 and closing at $105.20 on trading volume of 69.77 million shares, roughly 2.3 times the three-month average. The rally persisted despite the announcement of a 10% workforce reduction incurring $28 million in restructuring costs, which CEO Vlad Tenev characterized as a move from strength. Platform metrics highlighted record June trading volumes across stocks, options, and prediction markets, alongside $377 billion in assets under custody as of May, representing a 48% year-on-year increase. Major institutions including Deutsche Bank, Goldman Sachs, Needham, Cantor Fitzgerald, and Argus adjusted target prices to the $95-$110 range, while Reuters indicated the SEC is preparing to permit tokenized stock trading.