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MARA Bitcoin Treasury Nears $6 Billion, Trails Only Strategy in Public Rankings
Marathon Digital Holdings (MARA) has expanded its Bitcoin reserves to 52,477 BTC, now worth around $5.9 billion. This makes the company the second-largest public holder of Bitcoin, behind only Michael Saylor’s Strategy, which continues to lead by a wide margin. Despite a drop in Bitcoin’s price during August, MARA continued to build its treasury through mining and strategic accumulation. MARA announced it now holds 52,477 BTC, which is valued at approximately $5.9 billion as of August 31. This places the company just behind Strategy in global public Bitcoin treasury rankings. Strategy recently revealed it holds ... (full story)
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