10 Companies Hoarding Bitcoin Like There’s No Tomorrow

2. MARA Holdings, Inc. (NASDAQ:MARA)

Bitcoin Holdings: 40,435

Number of Hedge Fund Holders: 12

MARA Holdings, Inc. (NASDAQ:MARA), headquartered in Fort Lauderdale, Florida, is a major digital asset technology company focused on cryptocurrency mining and blockchain. Originally Marathon Patent Group, it rebranded to Marathon Digital Holdings in 2021 and later to MARA Holdings in August 2024. It is known as one of the largest Bitcoin miners and corporate Bitcoin holders globally.

MARA’s (NASDAQ:MARA) mining operations reached record production in November, with 254 blocks mined, a 27% increase from October. The company produced 907 BTC, up 26% month-over-month, and its hash rate rose by 15% to 46.1 EH/s. MARA also acquired 12,965 BTC at an average cost of $77,692 and mined 8,563 BTC, resulting in a BTC yield per share of 37.2%.

Later on December 10, MARA announced that it holds 40,435 BTC. The company said the following in a post on the social media platform X (formerly Twitter):

“Using the proceeds from its zero-coupon convertible notes offerings, MARA has acquired 11,774 BTC for ~$1.1 billion at ~$96,000 per #bitcoin and has achieved BTC Yield of 12.3% QTD and 47.6% YTD. As of 12/9/2024, we hold 40,435 BTC, currently valued at $3.9 billion based on a spot BTC price of $96,500.”