Mara Holdings, owner of the second-largest BTC treasury, has announced reaching a new milestone of increasing its treasury to 50,000 BTC.
Mara Holdings' Achievement in BTC Mining
Mara Holdings (MARA) has achieved a significant milestone by increasing its treasury to 50,000 BTC. Unlike other treasury companies, Mara Holdings combines a growing mining operation with occasional purchases. The company's current power stands at over 57 EH/s, reinforcing its positioning in the digital economy.
Future Plans: Expanding Operations
The corporation plans to double down on expanding its mining operations to reach 75 EH/s by the end of the year. Currently, the company started with 27,000 BTC in the last quarter of 2024, gradually increasing volume through its native mining. Mara Holdings does not disclose the acquisition cost of BTC at present, but it may be lower compared to newer companies in this area.
Market and BTC Treasury Status
In the past 12 months, Mara Holdings has nearly tripled its treasury, although it lacks a clear plan for copying strategies used by other companies. In May and June, the company added 761 and 950 BTC respectively, but as weather conditions worsened, the mining pace slowed. The overall network power for mining, however, remains above 1,000 EH/s.
Mara Holdings demonstrates confident growth and commitment to expanding its operations in the rapidly changing BTC market. Its effective mining strategy provides the company with competitive advantages and strengthens its treasury.
