Mara Holdings Goes Full Bull: Treasury Balloons to 50,000+ BTC in Bold Bitcoin Bet

Mara Holdings just doubled down on crypto—hard. The firm's treasury now holds over 50,000 BTC, making it one of the largest corporate Bitcoin stashes on the planet. Move over, MicroStrategy—there's a new whale in town.

Why hoard cash when you can HODL digital gold?

The move screams confidence in Bitcoin's long-term value, even as traditional finance pundits clutch their pearls. "But the volatility!" they cry, between sips of their $8 artisanal coffee. Meanwhile, Mara's stacking sats like there's no tomorrow.

This isn't your grandpa's reserve asset strategy. In a world where central banks print money like Monopoly tickets, Mara's betting big on hard-capped scarcity. The ultimate hedge? Or corporate FOMO at its finest? Either way, the Bitcoin bull case just got a 50,000-coin exclamation point.

Mara Holdings grew its treasury in the past 12 months

In the past 12 months, Mara Holdings nearly tripled its treasury, though it did not have a clear plan for copying Strategy (MSTR). The Mara.com pool currently produces around 7% of all blocks, with around 45 EH/s in active mining power. 

Based on its known wallets, Mara Holdings also mines as part of the Foundry pool, further putting its hashrate to work. Mara Holdings added 761 BTC to its wallets in June, following an inflow of 950 BTC in May, with none of the new coins sold. May was an absolute monthly record, followed by a slowdown in June, mostly due to weather conditions, stated Mara Holdings in its recent half-year report. 

The bitcoin mining rate remains high, at over 1,000 EH/s for the entire network, despite the recent slowdown due to a heatwave. 

Mara Holdings has outpaced all other miners in its readiness to hold onto the newly produced BTC. Miner reserves remain at 1.89M coins, though not all are dedicated to treasuries. Other mining companies like Riot Platforms and CleanSpark have retained significant reserves, though they do not explicitly mention a treasury plan. Even before the announcement, MARA shares expanded by over 15% in the past week, trading at $16.78. MARA is at a one-month peak following a record month for BTC treasury companies. 

The past month marked another high tide for treasury companies. Over 68K BTC was taken off the market, ranging from large-scale purchases by Strategy to deals for under 10 BTC from virtually unknown businesses. 

In total, corporate buyers made 250 announcements, coming from companies in healthcare or even coffee sales. A total of 21 new treasuries were announced, buying around 6,745 BTC. A total of 141 public companies now hold BTC, with more funding rounds announced. 

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