MARA Holdings Reaches 50K BTC Treasury Despite Production Drop

Mara Holdings (MARA) is nearing a significant milestone by accumulating nearly 50,000 Bitcoin, making it the second-largest publicly traded Bitcoin holder behind MicroStrategy. The company's treasury, valued at around $5.3 billion, grew through a combination of strategic purchases and expanding mining operations, with plans to increase its hash rate to 75 exahash per second by the end of 2025 — a 40% increase from the previous year. Despite a 25% decline in blocks mined in June due to weather-related disruptions and temporary use of older mining equipment, Mara remains committed to its aggressive expansion strategy supported by substantial low-cost power capacity. Mara’s Chairman and CEO, Fred Thiel, highlighted the disciplined approach to Bitcoin accumulation and emphasized the company’s focus on long-term value creation for shareholders. The mining company also holds 15,534 BTC as collateral, underscoring its operational scale and financial strategy. Overall, Mara's blend of mining growth and strategic purchases positions it as a major player in the Bitcoin mining industry amid ongoing network and environmental challenges.