Marathon Digital Holdings (MARA), a prominent Bitcoin mining enterprise, has augmented its Bitcoin reserves to 26,200 BTC, approximately valued at $1.5 billion.
The corporation acquired more than 4,144 BTC on August 14, increasing its reserves to over 25,000 BTC. As of the end of August, MARA’s Bitcoin holdings totaled 25,945 BTC.
MARA adheres to a “HODL” strategy, retaining all mined BTC and intends to execute periodic acquisitions. This has established MARA as the world’s second-largest publicly traded holder of Bitcoin, following MicroStrategy. MARA’s holdings currently represent around 0.12% of Bitcoin’s total supply.
Recently, Kraken cryptocurrency exchange announced it has removed the Bitcoin Lightning Network service for its users in Germany owing to technical modifications.
James Wilson
James Wilson is a crypto writer and researcher with over 5 years of experience in the industry. He is a graduate of the University of California, Berkeley, where he studied computer science and economics. After graduating, he worked as a software engineer at a major tech company before transitioning to a career in crypto.
