Bitcoin Mining Firm MARA Holdings Adds 400 Bitcoin Worth $46.31M: On-Chain Data
MARA Holdings, a number one Bitcoin mining firm, has bought a further 400 BTC on Monday, value $46.31 million.
Per Arkham data, the second-largest company Bitcoin holder purchased 400 BTC by digital asset buying and selling platform FalconX, LookOnChain reported. With the current buy, the corporate holds a complete of 53,250 BTC, value $6.12 billion.
MARA recently beat Wall Street expectations, delivering $238 million in second-quarter income, up 64% year-over-year.
MARA’s Bitcoin Strategy is Both Aggressive and Innovative
MARA, previously referred to as Marathon Digital Holdings, has been extremely lively in increasing its Bitcoin reserve all through late 2024 and early 2025.
MARA’s Bitcoin holdings reached 49,951 BTC by the tip of June, a 170% enhance year-over-year, valued at $5.3 billion. “We are greater than a bitcoin treasury firm,” MARA stated in its July Q2 2025 report.
Besides, the agency has been increasing its focus past mining. It lately introduced partnerships with Google-backed TAE Power Solutions and LG-backed PADO AI to co-develop energy-efficient platforms tailor-made for AI and next-gen information facilities.
According to CEO Fred Thiel, the corporate goals to scale to 75 EH/s by the tip of 2025.
“Our vertically built-in mining operations, massive BTC treasury, budding worldwide power partnerships, and early AI infrastructure investments every contribute distinct and measurable worth,” Thiel stated in July.
MARA Buys BTC Despite Stock Decline
The main BTC miner noticed its inventory value decline by 9.33% on October 10 and later recovered barely by 2.66%. The firm’s shares are presently buying and selling at $19.13, according to Yahoo Finance.
The downturn is primarily attributed to combined choices sentiment, which overshadowed the corporate’s strategic initiatives and operational successes.
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