MARA Holdings, one of the world’s largest publicly traded Bitcoin mining companies, is closing in on a major milestone — accumulating nearly 50,000 BTC in its corporate treasury. The firm now holds 49,940 bitcoin, currently valued at approximately $5.3 billion, solidifying its position as the second-largest public BTC holder behind Strategy (MSTR).
Bitcoin Reserves Grow Despite Operational Setbacks
In its latest production report for June 2025, MARA disclosed zero BTC sales, meaning all mined assets were retained. As a result, the company’s Bitcoin holdings increased, even amid operational challenges. Of the total BTC, 15,534 coins are pledged as collateral or held in separate accounts for MARA’s strategic financial benefit.
“This milestone reflects our disciplined approach to accumulating bitcoin through both mining and strategic purchases,” said Fred Thiel, Chairman and CEO of MARA Holdings.
Block Production Falls Due to Extreme Weather
June was not without hurdles. The firm mined 211 blocks, a 25% decrease compared to May, primarily due to weather-related curtailment in mining activity. MARA noted that temporary use of older machines in Garden City also impacted production as storm damage was being addressed.
Despite these challenges, MARA remains on track with its aggressive expansion plans.
Hash Rate Target Set at 75 EH/s by Year-End
Looking forward, MARA aims to boost its hash rate to 75 exahashes per second (EH/s) by the end of 2025 — a 40% increase from last year’s year-end capacity. This enhanced mining power could not only restore block production but significantly increase MARA’s ability to accumulate Bitcoin through mining rewards.
Market Reaction and Stock Performance
MARA shares fell 2.7% in premarket trading following a slight overnight dip in Bitcoin’s price to $106,400. Market sentiment remains cautious, yet MARA’s long-term strategy of BTC accumulation and hash rate expansion continues to attract investor interest, especially as the company nears the prestigious 50,000 BTC milestone.
MARA Positioned for Long-Term Strength
With nearly 50K BTC on its balance sheet, MARA Holdings is not only demonstrating mining resilience but is also playing a key role in the institutionalization of Bitcoin treasuries. As the crypto market matures, MARA’s disciplined accumulation strategy and infrastructure growth position it as a leader in the digital asset mining sector.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.