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COINTURK NEWS > Bitcoin (BTC) > MARA Holdings Boosts Revenue by Lending Bitcoin Assets
Bitcoin (BTC)

MARA Holdings Boosts Revenue by Lending Bitcoin Assets

In Brief

  • MARA Holdings lends 7,377 BTC to generate income and cover costs.

  • The company produced 890 Bitcoins last month, marking a notable achievement.

  • MARA remains a key player in the Bitcoin market with substantial reserves.

Ömer Ergin
Ömer Ergin 5 months ago
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MARA Holdings, the largest Bitcoin $104,733 miner by market capitalization, is lending out 7,377 BTC to third parties as part of its strategy to generate income from its holdings. This initiative aims to help the company cover operational costs while simultaneously earning returns on its assets.

Contents
Bitcoin Lending ProgramMARA Holdings Overview

Bitcoin Lending Program

In a report published on Friday, MARA did not specify the borrowers or provide further details about the program. According to Robert Samuels, the vice president of investor relations, the lending program ties up approximately 16% of the company’s Bitcoin assets, yielding less than 10% in returns.

The report indicates that the company produced 890 Bitcoins last month, reflecting a 2% decrease compared to November. However, this figure represents the second-highest BTC production since the block reward halving that occurred in April.

MARA Holdings Overview

Throughout 2024, MARA purchased 22,065 BTC at an average price of $87,205 and mined an additional 9,457 BTC, reaching a total reserve of 44,893 BTC. The company ranks as the second-largest publicly traded Bitcoin holder, trailing only MicroStrategy (MSTR).

“MARA’s Bitcoin mining pool achieved an impressive annual hash rate increase of 168% in 2024, surpassing the Bitcoin network’s 49% growth rate.” -Company President and CEO Fred Thiel.

While the company’s stock rose by 2.60%, it has registered a total increase of 14% year-to-date. MARA Holdings’ Bitcoin lending program plays a significant role in its financial strategy, balancing operational costs and providing returns from Bitcoin reserves. The company’s mining performance remains competitive, strengthening its market position.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
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 conduct their own research.

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Ömer Ergin 7 January, 2025 - 3:14 am 7 January, 2025 - 3:14 am
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