MARA Holdings Sets New Bitcoin Production Record Post-Halving
MARA Holdings has achieved a significant milestone in Bitcoin production, reporting its highest output since January 2024. In May, the company mined 950 Bitcoin, marking a 35% increase from April. This remarkable performance was driven by MARA Pool, the company's proprietary mining pool, which not only retained 100% of block rewards but also outperformed the network average by over 10% in block reward luck. Additionally, MARA set a new record by winning 282 blocks, a 38% increase month-over-month. The company's realized hashrate also saw a substantial surge, reaching 58.1. This achievement underscores MARA's robust mining capabilities and strategic advantage in the post-halving landscape, positioning it as a key player in the Bitcoin mining industry.
MARA Achieves Record Bitcoin Production Post-Halving
MARA Holdings produced 950 bitcoin in May, marking its highest output since January 2024 and a 35% increase from April. The company also set a new record by winning 282 blocks, up 38% month-over-month. This performance was driven by MARA Pool, its proprietary mining pool, which retains 100% of block rewards and consistently outperforms the network average by over 10% in block reward luck.
The company's realized hashrate surged to 58.1 EH/s, a 30% monthly increase, nearing all-time highs. MARA, alongside CleanSpark and Riot Platforms, contributed to a 15.5% collective rise in hashrate, pushing Bitcoin network difficulty to unprecedented levels. Despite heightened competition, MARA held all its May production, boosting its total BTC holdings to 49,179.
CEO Fred Thiel attributed the success to MARA's vertically integrated model, which enhances operational control and cost-efficiency. The achievement comes just weeks after the April 2024 halving event, which slashed block rewards by 50%.
Swedish Health Tech Firm H100 Group Secures $27.7M in Bitcoin-Linked Funding
H100 Group, a Swedish health technology company, has secured initial funding of 21 million SEK ($2.1M) through a convertible bond agreement with Blockstream co-founder Adam Back. The deal includes provisions for Back to increase his investment to $12.8M, with total potential funding reaching $27.7M. The capital will support the firm's Bitcoin reserve strategy, balance sheet strengthening, and health tech infrastructure development.
The five-year, zero-interest convertible bond carries a conversion price range of 1.75-5.00 SEK. This innovative financing structure bridges health tech and cryptocurrency sectors, offering H100 Group non-dilutive capital while providing investors optionality. Back's involvement brings both financial support and Bitcoin expertise to the venture.
Will Musk Double Down on Bitcoin as U.S. Debt Soars?
Crypto attorney John Deaton suggests Elon Musk and Tesla may expand their Bitcoin holdings amid rising U.S. fiscal risks. Musk recently criticized a Congressional spending bill as a "disgusting abomination," prompting Deaton to speculate on increased Bitcoin exposure. The bill's debt implications have reignited concerns about monetary expansion, with Deaton calling it an "advertisement for buying Bitcoin."
Tesla currently holds over 11,000 BTC, and Musk's promotion of "Bitcoin-grade security" in XChat signals ongoing blockchain interest. BitMEX co-founder Arthur Hayes aligns with Deaton, framing unchecked government spending as a long-term catalyst for Bitcoin accumulation.
Polymarket Bets Favor $120K Bitcoin Price Target for 2025
Decentralized prediction platform Polymarket has attracted over $12 million in bets on Bitcoin's 2025 price trajectory, with the $120,000 target emerging as the clear favorite at 76% probability. The contract, which began trading December 31, 2024, reflects growing crypto market optimism amid favorable macroeconomic conditions.
Secondary targets show $130,000 at 59% likelihood and $150,000 at 37%, while extreme outcomes like $1 million (2%) and $20,000 (minimal volume) demonstrate the market's speculative range. Polymarket's predictive credibility has strengthened following accurate calls on events like the 2024 U.S. election, though long-term crypto price forecasts remain inherently volatile.
Brian Armstrong Warns Bitcoin Could Replace U.S. Dollar as Global Reserve Currency
Coinbase CEO Brian Armstrong has issued a stark warning about Bitcoin's potential to supplant the U.S. dollar as the world's reserve currency if America fails to address its spiraling debt crisis. With the national debt reaching $36 trillion and a debt-to-GDP ratio of 122%, Armstrong argues that political gridlock ahead of the August 2025 debt ceiling deadline could trigger catastrophic economic consequences.
Despite Bitcoin's current stagnation around $104,500, Armstrong believes the cryptocurrency's appeal grows as U.S. fiscal instability mounts. "I love Bitcoin, but a strong America is also super important for the world," he tweeted, emphasizing the need for Congress to reduce deficits. The warning comes as Treasury officials maintain confidence in avoiding default through timely action—a feat the U.S. has never failed to achieve.
Bitcoin Surges: What Will Drive Prices to New Peaks?
Bitcoin prices showed strong buyer interest at the $104,000 – $105,000 level as of June 4, with technical indicators hinting at a short-term shakeout before potential new highs. Historical patterns, including the "golden cross," suggest a 10% pullback often precedes significant rallies. Similar behavior in February 2021 and March 2024 saw brief corrections followed by record-breaking surges.
The $105,000 level remains pivotal. A hold could propel Bitcoin toward $110,000 and even $140,000 – $150,000, while a breakdown might trigger a dip to $90,000 – $95,000. Major players appear to be leveraging these pullbacks to flush out weak hands, reinforcing the market's foundation.
Despite liquidity hunting below $105,000, the $100,000 psychological support holds firm. The long-term uptrend from December 2024's $92,000 low is expected to provide a floor NEAR $95,000 if downward pressure intensifies.
