Marathon Mining Company holds over 40,000 BTC, earning additional income by lending 16%.

Mining company Marathon Digital acquired 22,065 BTC at an average price of $87,205 in 2024, mined 9,457 BTC, and currently holds a total of 44,893 BTC, with 16.4% of it being lent out to generate more shareholder returns.

Marathon adopts a comprehensive HODL strategy, holding over 40,000 bitcoins

Mining company Marathon Digital announced in August last year that it is adopting a comprehensive HODL strategy. In addition to holding all mined bitcoins, it also emulates a microstrategy by using additional cash or issuing convertible bonds to purchase bitcoins.

In its latest report, Marathon stated that in 2024, the company acquired 22,065 BTC at an average price of $87,205 and mined an additional 9,457 BTC. The diluted BTC earnings per share at the end of the year were 62.7%. Overall, Marathon Digital now owns a total of 44,893 BTC, valued at $4.2 billion.

MARA Chairman and CEO Fred Thiel said, "As miners and acquirers of Bitcoin, this hybrid approach provides us with tremendous flexibility. We are able to acquire Bitcoin during price declines, optimizing acquisition costs. And through our mining operations, we gain a competitive advantage, enabling us to produce Bitcoin at a cost below current spot prices. We believe this dual approach can solidify our position and enhance our ability to deliver long-term shareholder value."

Create additional income by lending Bitcoin

The report also mentioned that Marathon temporarily lent some of its own bitcoins to third parties to create additional income for shareholders. These 7,377 BTCs account for 16.4% of its reserves.

MARA's Vice President of Investor Relations, Robert Samuels, later provided more details about the loan program on X. Samuels stated that the loan program has been active since 2024, focusing on short-term arrangements with mature third parties, but did not disclose the identity of the borrowers. In addition, he also stated that this approach can generate moderate single-digit returns, with the long-term goal of generating sufficient income to offset operating expenses.

MARA ranks second on the list of public companies holding Bitcoin, second only to MicroStrategy

According to CoinGecko's data, Marathon Digital ranks second on the list of publicly traded companies holding Bitcoin, second only to MicroStrategy. And far surpassing other mining companies such as Hut 8, Riot, CleanSpark, and Hive Digital.

After Marathon Digital announced a comprehensive HODL strategy in August last year, the stock price rose from a low of $13 to $30 at one point, but recently it has also fallen with the pullback of Bitcoin.

This article Marathon, a mining company, holds over 40,000 bitcoins, and 16% of them are lent out to earn more profits. It first appeared on Chain News ABMedia.