MARA Holdings is the largest Bitcoin exchange by market value. $99,020.7 miner and lends 7,377 BTC from its reserves to third parties. This practice is carried out in order for the company to generate returns from its assets and cover some operating costs.
Bitcoin Lending Program
In the report released Friday, MARA did not identify borrowers or disclose other details about the program. Within the scope of this program, which connects approximately 16% of the company’s Bitcoins, vice president of investment relations Robert Samuels stated that a return of less than 10% was obtained.
The report shows that 890 Bitcoins were produced last month, a 2% decrease compared to November. However, this figure is the second highest BTC production since the block reward halving in April.
MARA Holdings
MARA purchased 22,065 BTC for an average of $87,205 throughout 2024 and mined an additional 9,457 BTC, reaching a total reserve of 44,893 BTC. The company is the second largest publicly traded Bitcoin investor, trailing only MicroStrategy (MSTR).
“MARA’s Bitcoin mining pool has achieved an impressive 168% annual hashrate increase in 2024, exceeding the Bitcoin network’s 49% growth rate.” -Company President and CEO Fred Thiel.
The company’s shares increased by 2.60%, with a total increase of 14% since the beginning of the year.
MARA Holdings’ Bitcoin lending program holds an important place within the company’s financial strategy. In addition to balancing operational costs, the income generated through lending helps the company generate returns from its Bitcoin reserves. While the company’s mining performance continues at a competitive level, it strengthens its market position.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
