MARA Holdings (MARA) reported an increase in Bitcoin production for September, generating 736 BTC, which marks a 4% rise compared to its output in August. The company also successfully won 218 blocks on the Bitcoin network, according to an update shared on Friday.
MARA, which operates both as a Bitcoin miner and a treasury management entity, indicated that it was a net seller of Bitcoin during the month, attributing this to its ongoing digital asset management activities. However, public data reveals a notable increase in the company’s Bitcoin holdings. As of September 30, MARA’s reserves grew from 50,639 BTC at the end of August to 52,850 BTC, suggesting a strategic accumulation despite its selling activity.
This activity solidifies MARA’s position as the second-largest publicly traded corporate treasury of Bitcoin, with only Strategy surpassing it, holding an impressive stash of 640,031 BTC. In the wake of these developments, shares of MARA experienced a slight decline during trading hours on Friday.
