Bitcoin at $103K hurtles MARA stack toward $5B, holdings triple

MARA increased its Bitcoin holdings by 175% over the last four quarters, while the value of those holdings now sits at nearly $5 billion.

Bitcoin mining firm MARA Holdings (MARA) nearly tripled its Bitcoin holdings over 12 months, according to its newly released Q1 results.

However, its Bitcoin production fell, and total earnings slightly missed Wall Street estimates in Q1.

MARA, formerly Marathon Digital, saw its Bitcoin (BTC) holdings increase to 47,531 BTC, up 175% from the 17,320 BTC the firm was holding at the end of Q1 2024.

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