The post MARA Holdings Leverages 16% Bitcoin Holding for Short-Term Loan to Maximize Yield appeared on BitcoinEthereumNews.com.

COINOTAG reported on January 6th that MARA Holdings, Inc, a prominent Bitcoin mining firm, has strategically utilized 16% of its Bitcoin reserves, amounting to 7,377 BTC valued at approximately $730 million, to secure a short-term loan through a third-party arrangement. This maneuver is part of the company’s initiative to achieve a “moderate single-digit yield.” According to Robert Samuels, Vice President of Investor Relations, this Bitcoin lending program has been operational since 2024, targeting short-term contracts exclusively with credible partners, although specifics regarding the borrower remain undisclosed. In an impressive expansion of its holdings, MARA acquired 22,065 Bitcoins at an average cost of $87,205 and mined an additional 9,457 Bitcoins, leading to total reserves of 44,893 BTC. At prevailing market prices, this portfolio reflects a substantial value exceeding $4.4 billion. Furthermore, MARA achieved its target hash rate of 50 EH/s by December, reinforcing its operational efficiency and capacity in the competitive sphere of cryptocurrency mining. Source: https://en.coinotag.com/breakingnews/mara-holdings-leverages-16-bitcoin-holding-for-short-term-loan-to-maximize-yield/

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Filed under: News - @ January 6, 2025 1:04 am