“We continue to adhere to the HODL strategy,” stated MARA CEO Fred Thiel, emphasizing that the company views Bitcoin as a reserve asset. Following an increase in reserves to 40,435 BTC, valued at $3.9 billion, MARA also achieved a record computational capacity of 50 EH/s.

As part of its strategy, the company acquired 11,774 BTC for $1.1 billion, using funds from convertible bond offerings. The average purchase price was $96,000 per Bitcoin. “We seize every opportunity for growth and to strengthen our position,” Thiel noted.

Additionally, MARA plans further expansion of its capacities. The recent increase to 50 EH/s has made it the first public miner to reach this level, despite a 4.4% drop in stock value.

Strategic investments and retaining mined coins allow MARA to hold second place among public companies in Bitcoin holdings, second only to MicroStrategy, which owns 423,650 BTC.