MARA Holdings (MARA) has announced a significant increase in its Bitcoin holdings, adding 829 mined BTC to its reserves in March, bringing the total to an impressive 47,531 BTC.
Moreover, the firm reveals its Bitcoin production updates for March 2025, highlighting its continued expansion and operational efficiency within the competitive Bitcoin mining ecosystem.
Marathon Add-on to Bitcoin Stash
Although the total computing power on the BTC network increased to make mining more difficult, MARA Holdings saw a 17% rise in blocks mined in March compared to February.
Fred Thiel, the company’s chairman and CEO, said this shows MARA Holdings’ ability to deal with the Bitcoin network and stay competitive. They mined 242 blocks in March, their third-best month in history.
Marathon Digital’s mining pool, MARAPool, is a significant advantage. Thiel said owning and running their pool gives them “special control and efficiency.” Using their own pool, they avoid fees paid to others, leading to more profit and better results. Since its start, MARAPool has been more successful than the average, mining more blocks and earning more rewards for the company.
Moreover, MARA Holdings’ computing power increased by 1% compared to February. They plan to finish building their 40-megawatt data center in Ohio by the end of April, which will improve their setup and mining abilities. MARA Holdings wants to stay a leader in Bitcoin mining and grow in energy production, showing they are focused on long-term growth.
The company’s average BTC production per day increased by 6% month-over-month, further highlighting its operational improvements and efficient mining practices.
MARA’s Rapid Accumulation
On December 19, 2024, the company bought more Bitcoin for the second time this quarter, which shows that they are still interested in accumulating.
Notably, because the company mainly gets Bitcoin from mining, it’s hard to know the average price they paid. Most of their Bitcoin comes from mining, not buying it. However, the last time they purchased Bitcoin, it cost about $98,529 each.
Furthermore, the company noted it used about $1.53 billion from the $1.925 billion it got from selling notes in November and December 2024 to buy Bitcoin. It raised this money to buy Bitcoin. It also spent about $263 million to buy back its old notes due in 2026.
