cryptobriefing.com
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.