MARA Holdings, a prominent Bitcoin mining company, has strategically loaned 7,377 BTC—approximately 16% of its total Bitcoin holdings—to third parties. This initiative aims to generate additional income and offset operational expenses. Robert Samuels, Vice President of Investor Relations, noted that the program focuses on short-term agreements with reputable entities, yielding a modest single-digit return. Active throughout 2024, the program’s long-term goal is to cover operating costs through these yields.
In December 2024, MARA produced 890 BTC, a slight 2% decrease from November’s output. Despite this, the company mined 249 blocks—the second-highest monthly total on record. Chairman and CEO Fred Thiel highlighted that MARAPool achieved a 168% annual hash rate growth in 2024, surpassing Bitcoin’s network growth rate of 49%. This underscores MARA’s significant operational expansion and enhanced performance within the industry.
Throughout 2024, MARA acquired 22,065 BTC at an average price of $87,205 and mined an additional 9,457 BTC, bringing its total holdings to 44,893 BTC. With Bitcoin trading just below $100,000, the company’s holdings are valued at approximately $4.5 billion. This positions MARA as the second-largest publicly traded Bitcoin holder, following MicroStrategy.
MARA’s hybrid strategy of both mining and purchasing Bitcoin allows for flexibility in acquiring the cryptocurrency at favorable prices. This approach enables the company to capitalize on market conditions by buying BTC during price declines, optimizing acquisition costs. The dual strategy is designed to strengthen MARA’s position and enhance long-term shareholder value.
In addition to its lending program, MARA secured a $200 million line of credit in October 2024, collateralized by a portion of its Bitcoin holdings. The company intends to use these funds for strategic opportunities and general corporate purposes, further leveraging its substantial Bitcoin reserves to support growth and operational efficiency.
As of January 6, 2025, MARA’s stock price has shown positive movement, reflecting investor confidence in the company’s strategies and the overall bullish trend in Bitcoin’s market value.
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