Marathon Digital Adds Over 5,000 Bitcoins in One Month, Holdings Now Worth $1.5 Billion

Share this article

Marathon Digital Holdings (MARA), a key player in the Bitcoin mining sector, has added more than 5,000 Bitcoin (BTC) in the past month, bringing its total Bitcoin holdings to 26,200 BTC, valued at around $1.5 billion, the company shared milestone in a recent statement.

acquiring #bitcoin it’s a marathon, not a sprint. pic.twitter.com/ZYuf1tq6cH

— MARA (@MarathonDH) September 12, 2024

The company continued its buying streak after announcing the purchase of over 4,144 BTC on August 14, increasing its reserves to over 25,000 BTC. By the end of August, MARA’s Bitcoin stock had reached 25,945 BTC.

MARA maintains a “HODL” policy, similar to MicroStrategy. The firm keeps all mined BTC and plans to make periodic purchases.

The increase in its Bitcoin holdings secured MARA’s position as the world’s second-largest public company holding Bitcoin, just behind MicroStrategy, according to data from Bitcoin Treasuries. MARA holdings now represent nearly 0.12% of the total Bitcoin supply.

Bitcoin holdings by public companies 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.

Share this article