MARA, the company with the second largest Bitcoin treasury, announced the addition of BTC to its portfolio! Here are the details.

US-based crypto mining company Marathon Digital Holdings (MARA) added 373 $BTC to its portfolio in September, bringing its total holdings to 52,850 $BTC. The company's current reserves are worth approximately $6.4 billion.

MARA's Bitcoin Assets Reach $6.4 Billion

According to MARA’s monthly production report, 736 $BTC ($88.6 million) were produced in September, a 4.4% increase from 705 $BTC in August.

The company maintained its strong position in the industry, capturing 5.2% of all mining rewards during the period. However, some of its bitcoin holdings are loaned, actively managed, or pledged as collateral.

According to Bitcoin Treasuries data, MARA remains the largest $BTC holder among publicly traded mining companies. Michael Saylor's Strategy maintains its lead overall with 640,031 $BTC, while MARA ranks second.

The company produced 218 blocks in September, a 5% increase compared to August. MARA CEO Fred Thiel described the increased production as a “demonstration of operational resilience” despite the global hashrate increasing by 9%.

At the end of September, Bitcoin gained 5.4% to $120,373, while MARA's hashrate rose to 60.4 EH/s. The company's shares have surged 20% in the past month, putting it back into positive territory on an annual basis.

*This is not investment advice.