MARA Bitcoin Treasury Nears $6 Billion, Trails Only Strategy in Public Rankings

MARA announced that it now holds $5.9 billion worth of Bitcoin. This cements its position as one of the world’s largest corporate holders of Bitcoin, trailing only Michael Saylor’s Strategy in the global public treasury rankings.

MARA Expands Bitcoin Treasury Amid Market Volatility

In a press release, MARA Holdings Inc. confirmed it produced 705 BTC in August. The firm maintained an average of 22.7 BTC mined daily despite a 6% monthly decline in Bitcoin’s price. 

The Bitcoin price had peaked at roughly $124,500 mid-month before dipping to $107,000. MARA opted to buy the dip, strategically adding to its treasury rather than liquidating assets. As of August 31, the company’s holdings stood at 52,477 BTC, a record for any public miner.

“Given the decline in Bitcoin price during the month, we took the opportunity to add to our treasury and currently hold over 52,000 BTC,” said CEO Fred Thiel.

The CEO also noted that the company’s energized hashrate increased slightly to 59.4 EH/s. He also shared that all miners at its Texas wind farm are now installed and connected. 

Thiel emphasized MARA’s strategy of aligning renewable energy and advanced infrastructure with treasury accumulation, adding that the company remains on track to have the Texas facility fully operational by the fourth quarter of 2025.

The move builds on strong momentum earlier in the summer. In July, MARA increased its block wins by 27% after a successful recovery at its Ellendale site, boosting its monthly production from 591 BTC in June to 692 BTC.

Second Only to Strategy in Public Treasury Rankings

MARA reinforced its standing as the second-largest Bitcoin holder among publicly traded firms, according to Bitcoin Treasuries data. The only company ahead is Michael Saylor’s Strategy, which recently disclosed an additional $449.3 million BTC purchase, taking its staggering reserves to 636,505 BTC.

Other firms rounding out the top five include the Bitcoin Standard Treasury Company with 30,021 BTC, Twenty One with 43,514 BTC, and Bullish with 24,000 BTC. 

Beyond mining and treasury accumulation, the Bitcoin miner is pursuing global expansion. MARA recently announced plans to acquire a 64% stake in Exaion, a subsidiary of French energy giant EDF.  They also added the option to raise its ownership to 75% by 2027. 

The venture aims to merge MARA’s infrastructure with AI-driven edge solutions. This is a move expected to reduce costs while supporting Europe’s growing AI economy.

To reinforce its international push, MARA also opened its European headquarters in Paris. This reflects a strong push into sustainability initiatives and the repurposing of unused power. 

MARA shareholders have also enjoyed a 699% return over the past five years. However, recent performance has not kept pace with stock market trends due to Bitcoin’s price fluctuations and high operational costs.