Marathon Digital adds over 5,000 Bitcoin in a month, holdings now worth $1.5 billion
Key Takeaways
- Marathon Digital added over 5,000 BTC to its holdings in the last month.
- MARA’s total Bitcoin assets are now valued at around $1.5 billion.
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Marathon Digital Holdings (MARA), a key player in the Bitcoin mining sector, has added over 5,000 Bitcoin (BTC) over the past month, bringing its total Bitcoin holdings to 26,200 BTC, valued at approximately $1.5 billion, the company shared the milestone in a recent statement.
Acquiring #bitcoin is a marathon, not a sprint. pic.twitter.com/ZYuf1tq6cH
— MARA (@MarathonDH) September 12, 2024
The company continued its purchasing spree after announcing the acquisition of over 4,144 BTC on August 14, boosting its reserves to over 25,000 BTC. By the end of August, MARA’s Bitcoin stash reached 25,945 BTC.
MARA maintains a “HODL” policy, similar to MicroStrategy’s strategy. The firm retains all mined BTC and plans to make periodic purchases.
The increase in its Bitcoin holdings has secured MARA’s position as the world’s second-largest public company holder of Bitcoin, just behind MicroStrategy, according to data from Bitcoin Treasuries. MARA’s holdings now account for almost 0.12% of Bitcoin’s total supply.
Bitcoin holdings by public companies have increased from 272,770 BTC to 333,329 BTC year-to-date, while those held by ETFs and funds increased from 771,000 BTC to over 1 million BTC.
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Author: Vivian Nguyen
