Mara Holdings (Mara) now holds 49,940 Bitcoin
a trove that puts the public mines near 50,000 threshold and makes it the second largest listed Bitcoin holder behind the strategy (Mstr).
At current prices, the stack is worth close to $ 5.3 billion. Out of his Treasury, 15,534 BTC is “pledged as security or held in a separately managed account” to the company’s benefit, the company said in its production update in June.
“This milestone reflects our disciplined approach to accumulating bitcoin through both mining and strategic purchases,” said Mara’s chairman and CEO Fred Thiel.
As for operations, Mara won 211 blocks in June, a 25% decrease from the previous month thanks to the most of the “weather -related restriction and the temporary implementation of older machines in Garden City, while storm -related damage was remedied,” the company said.
The Bitcoin miner is looking to expand his hash rate to 75 Exahash at the end of the year, which represents a 40% increase from last year’s end of the year’s end.
Shares are lower by 2.7% Premarket along with a dipstick in the price of Bitcoin for $ 106,400.
