MARA Holdings (NASDAQ: MARA) announced significant Bitcoin production growth, mining 736 BTC in September 2024 - representing a 4% monthly increase from August operations. The cryptocurrency mining company successfully validated 218 blocks on the Bitcoin blockchain network during this period.
While MARA identified as a net BTC seller in September as part of its digital asset management strategy, the company's bitcoin treasury holdings demonstrated substantial growth. Public blockchain records confirm MARA's bitcoin reserves increased from 50,639 BTC at August's end to 52,850 BTC by September 30, 2024.
The company maintains its position as the world's second-largest corporate bitcoin treasury among publicly traded companies, trailing only MicroStrategy's substantial holdings of approximately 640,031 BTC.
Despite these positive operational developments, MARA stock experienced minor downward pressure during Friday's trading session on U.S. markets.