According to @ki_young_ju, publicly traded Bitcoin miner MARA Holdings (MARA) is approaching a significant milestone, with its treasury now holding 49,940 BTC, valued at approximately $5.3 billion. This accumulation solidifies MARA's position as the second-largest publicly traded Bitcoin holder, trailing only MicroStrategy (MSTR), as stated in the company's June update. Despite a 25% monthly decline in blocks won in June due to weather and equipment issues, the company is targeting a 40% hash rate expansion to 75 exahash by the end of the year. For traders, the tight correlation between MARA's stock and the crypto market is evident, with MARA shares falling 2.7% in premarket trading following a recent dip in Bitcoin's price.

According to @FarsideUK, bitcoin mining firm MARA Holdings (MARA) is approaching a major milestone, holding 49,940 bitcoin (BTC) valued at approximately $5.3 billion. This positions MARA as the second-largest publicly traded bitcoin holder, trailing only MicroStrategy (MSTR), as stated in its June production update. For traders, a key operational metric showed a 25% decline in blocks won for June, which the company attributed to weather-related issues and temporary machine deployments. Despite this, MARA is targeting a significant expansion to a 75 exahash hash rate by the end of the year, a 40% increase from the end of last year. The company's stock (MARA) showed immediate sensitivity to the crypto market, with shares falling 2.7% in premarket trading following an overnight dip in bitcoin's price to $106,400.

According to Lookonchain, MARA Holdings has made substantial investments in Bitcoin, acquiring 11,774 BTC worth $1.1 billion at an average price of approximately $96,000 since announcing a private offering of convertible senior notes on November 18. Additionally, in the third quarter, MARA acquired 6,481 BTC valued at $389 million at a price of $60,022 per Bitcoin. Currently, MARA Holdings has amassed a total of 40,435 BTC, valued at $3.9 billion.