MARA Bitcoin treasury nears $6B after mining 705 BTC in August
MARA Holdings announced that its Bitcoin treasury is approaching $6 billion after mining 705 BTC in August, averaging 22.7 tokens per day.
The milestone reflects a surge in the company’s hashrate to 59.6 EH/s, aided by the activation of its Texas wind farms. MARA also revealed plans to acquire a 64% stake in Exaion, a global leader in low-carbon energy production, by Q4 2025, further aligning its mining operations with sustainable energy initiatives. The announcement follows a July report detailing a 17% increase in mining capabilities, underscoring MARA’s aggressive accumulation strategy ahead of what many expect to be the next major bull cycle.
Treasury growth strategy mirrors Saylor’s playbook
MARA is positioning itself as a heavyweight in Bitcoin accumulation, echoing the approach pioneered by Michael Saylor’s Strategy, which currently holds more than 636,000 BTC valued at nearly $70 billion. In July, MARA raised $850 million through a convertible note offering, earmarking much of the proceeds for Bitcoin investments.
The timing reflects a desire to build reserves while Bitcoin trades below $111,000, with executives eyeing a potential Q4 rally as catalysts line up. By contrast, Strategy purchased over 7,700 BTC in August and September for nearly $900 million and may deploy more capital if Bitcoin dips again. Both firms are pursuing scale in the belief that outsized Bitcoin treasuries will pay off as institutional adoption accelerates.
Bitcoin Hyper promises scalability breakthrough
Adding to market momentum is the upcoming launch of Bitcoin Hyper (HYPER), a Layer 2 upgrade designed to resolve Bitcoin’s long-standing performance bottlenecks. With Bitcoin limited to about 7 transactions per second (TPS), the network lags far behind Ethereum (16 TPS) and Solana (1,000+ TPS). Hyper aims to bridge the gap by integrating the Canonical Bridge and Solana Virtual Machine (SVM), enabling transactions to confirm in seconds and offloading congestion from the main chain.
By decongesting the network and boosting throughput to Solana-level performance, Hyper could unlock new use cases for institutional investors and payment processors. With its presale set to close in Q4, the upgrade is expected to align with MARA’s accumulation push and potentially fuel Bitcoin’s next breakout above the $115,000 threshold.
Recently we wrote that Michael Saylor’s company Strategy (ticker: MSTR), formerly known as MicroStrategy, may soon become the first Bitcoin-focused firm to join the S&P 500 Index.
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