MARA Updates Treasury Policy to HOLD All Bitcoin; Current Holdings Exceed 20,000 BTC
Fort Lauderdale, FL — MARA (NASDAQ: MARA), a global leader in digital asset compute and energy transformation, announced a $100 million Bitcoin purchase, bringing its total holdings to over 20,000 BTC. The company has adopted a full HODL strategy, retaining all mined Bitcoin and making periodic open-market purchases.
Key Highlights
- $100M Bitcoin Purchase: Strategic acquisition amid market dip.
- HODL Policy: Retains all mined Bitcoin; no planned sales.
- 20,000+ BTC Holdings: Solidifies MARA as a major corporate Bitcoin holder.
👉 Discover how Bitcoin is reshaping corporate treasuries
Leadership Insights
Fred Thiel, CEO:
"Bitcoin is the world’s best treasury reserve asset. We advocate for sovereign wealth funds and corporations to hold it as a strategic reserve."
Salman Khan, CFO:
"Bitcoin’s institutional adoption and macro tailwinds validate our HODL strategy. Our balance sheet strength allows opportunistic accumulation."
Investor Considerations
- High-Risk Asset: Bitcoin’s volatility may impact financial performance.
- Forward-Looking Statements: Future results could differ due to market risks.
About MARA
MARA innovates in digital asset compute, supporting blockchain ecosystems and sustainable energy conversion.
👉 Explore Bitcoin’s role in the energy transition
FAQs
1. Why did MARA adopt a HODL strategy?
MARA believes Bitcoin’s long-term value outweighs short-term volatility, aligning with its vision of Bitcoin as a reserve asset.
2. How does MARA’s Bitcoin purchase impact its balance sheet?
The $100M purchase diversifies holdings and leverages Bitcoin’s potential appreciation.
3. What risks do investors face with MARA’s Bitcoin strategy?
Price fluctuations, regulatory changes, and market adoption risks could affect outcomes.
4. How does MARA contribute to sustainability?
By converting underutilized energy into blockchain compute, MARA promotes eco-friendly Bitcoin mining.
5. Where can I learn more about MARA’s operations?
Visit MARA’s website for company updates and disclosures.
Released July 25, 2024
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