MARA Holdings, the leading Bitcoin miner by market capitalization, has launched a lending program to optimize revenue and manage expenses.
Bitcoin Lending Program
MARA Holdings has recently announced a new strategic decision to lend 7,377 BTC to third parties. According to Robert Samuels, the company's vice president of investor relations, this initiative involves about 16% of their Bitcoin assets and yields returns of less than 10%.
MARA's Operational Performance
In November, MARA produced 890 Bitcoins, a 2% decrease from the previous month. This remains the second-highest production level since the significant block reward halving in April 2024. The company acquired 22,065 BTC at an average cost of $87,205 and mined 9,457 BTC, increasing its total reserves to 44,893 BTC. This positions MARA Holdings as the second-largest Bitcoin holder among publicly traded companies, trailing only MicroStrategy. In 2024, their mining pool saw a remarkable 168% increase in hash rate, far outpacing the Bitcoin network's overall 49% increase.
Market Impact and Current Trends
MARA Holdings' stock rose by 2.60%, with a total year-to-date increase of 14%. The Bitcoin lending initiative plays a crucial role, helping the company manage operational costs and capitalize on its Bitcoin reserves, thus strengthening its competitive edge in the market.
MARA Holdings' Bitcoin lending program is poised to be a significant factor in their strategy to optimize revenues and strengthen its position in the digital asset market.
