MARA reaches 52.477 BTC and consolidates US$5,9 billion in treasury
- MARA accumulates 52.477 BTC valued at US$5,9 billion
- Company is the second largest public holder of bitcoin
- Monthly production totals 705 BTC with 208 blocks mined
Marathon Digital Holdings (MARA) has strengthened its position as one of the world's largest corporate Bitcoin holders. In its August production update, the mining company reported that its BTC holdings reached 52.477 units, equivalent to US$5,9 billion, solidifying its position as the second-largest public Bitcoin treasury, behind only Michael Saylor's Strategy.
During the month, the company mined 705 BTC, valued at $79,2 million, slightly higher than the 703 BTC mined in July. This figure corresponded to 4,9% of all network rewards, including transaction fees. The company also emphasized that it continues to follow a "full HODL" policy, holding all mined bitcoins and adding new strategic acquisitions over time.
Fred Thiel, president and CEO of MARA, commented on the results .
Similar to last month, we produced 208 blocks in August, with the global hash rate increasing 6% month-over-month to an average of 949 EH/s. Given the decline in the Bitcoin price during the month, we took the opportunity to strategically increase our treasury and currently hold over 52.000 BTC.
The total reinforces MARA's leadership among public mining companies, with a BTC volume that includes assets borrowed, actively managed, or used as collateral. In the overall ranking of publicly traded companies, the mining company is behind only Strategy, which recently expanded its portfolio to 636.505 BTC, valued at US$72 billion.
Additionally, the company continues to expand its mining infrastructure. In August, its energized hash rate grew 1%, reaching 59,4 EH/s, with all containers at its Texas wind farm operating at full capacity. MARA now joins the select group of public mining companies controlling more than 50 EH/s, alongside IREN, CleanSpark, and Cango.
Meanwhile, Bitcoin has experienced strong volatility this month, peaking at $124.500 on August 14 before falling 13,7% to a low of $107.500. Currently, the cryptocurrency is trading at $112.434, up 1,4% over the past 24 hours and 3,9% for the month.
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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