MARA Holdings Reports Strong Bitcoin Reserves and Expands Financial Strategy

MARA Holdings, a leading Bitcoin miner, released its December 2024 update, showcasing a robust strategy to enhance shareholder value.

The company reported total reserves of 44,893 BTC, valued at over $4.4 billion, after acquiring 22,065 BTC at an average price of $87,205 and mining 9,457 BTC during the year.

The update also revealed that 7,377 BTC (16.4% of reserves) were allocated to short-term loans with established third parties, generating modest single-digit yields. While the borrowers remain undisclosed, MARA emphasized the program’s focus on reliable arrangements. This lending strategy, active throughout 2024, reflects the company’s efforts to diversify revenue streams while maximizing the utility of its Bitcoin holdings.

Operationally, MARA exceeded its hash rate target, achieving 53.2 EH/s, though production dipped 2% compared to November due to decreased “luck.” Bitcoin’s global hash rate, however, hit a record high in December, highlighting the growing competitiveness of the mining sector.

Looking ahead, MARA plans to maintain its hybrid strategy of mining and purchasing Bitcoin, which CEO Fred Thiel described as a way to acquire BTC at favorable prices while retaining operational flexibility. This approach, combined with innovative financial initiatives like the lending program, positions MARA to capitalize on market opportunities and deliver sustainable growth for its investors.