MARA Holdings (MARA) now possesses 49,940 bitcoin, closing in on the 50,000 mark, making it the second-largest publicly traded bitcoin holder behind Strategy (MSTR). Currently, these holdings are valued at around $5.3 billion. Out of this total, 15,534 BTC is reportedly used as collateral or stored in a managed account, according to the company’s production update from June.

Key Points:

• 211 blocks were won by MARA in June, reflecting a 25% drop from the prior month, primarily due to weather impacts.
• No bitcoin was sold last month, with holdings edging closer to the crucial 50,000 threshold.
• MARA plans to elevate its hash rate to 75 exahash by the end of the year, indicating a 40% increase compared to last year’s end.

“This milestone reflects our disciplined approach to accumulating bitcoin through both mining and strategic purchases,” stated MARA’s Chairman and CEO, Fred Thiel.

The company aims to enhance its operational efficiency as it prepares for future market challenges.