Crypto

MARA’s Bitcoin Holdings Close to $6 Billion With 52,477 BTC, Fueling Bitcoin Hype

Inside MARA Holdings’ Bitcoin Strategy: A Move Towards Crypto Mastery

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MARA Holdings’ Bitcoin Treasury Nears $6 Billion

In a recent announcement, MARA Holdings revealed that its Bitcoin treasury is approaching $6 billion following the mining of 705 Bitcoins in August, averaging 22.7 tokens daily. This surge in performance is attributed to an increased hashrate of 59.6 EH/s and the activation of its Texas wind farms.

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The company’s official statement also disclosed plans to acquire a 64% stake in Exaion, a leading producer of low-carbon energy, by the fourth quarter of 2025. This strategic move follows a notable 17% increase in Bitcoin mining capabilities in July, as highlighted in MARA’s end-of-month report.

With Bitcoin dipping below $111,000, MARA is keen on enhancing its Bitcoin accumulation strategy ahead of an anticipated bull run in the fourth quarter. This aligns with the impending conclusion of the Bitcoin Layer 2 upgrade, Bitcoin Hyper ($HYPER), presale in the same quarter.

MARA’s Ambitious Bitcoin Accumulation Strategy

MARA Holdings is keen on expanding its influence in the Bitcoin sector. This objective is evident in its intensified mining and purchasing efforts. On July 23, the company launched a convertible note offering worth $850 million, earmarking a significant portion of the proceeds for Bitcoin investments.

This move signals MARA’s commitment to a long-term investment strategy, akin to the approach adopted by Michael Saylor’s firm, Strategy. Strategy boasts the largest Bitcoin treasury globally, holding 636,505 BTC valued at nearly $70 billion. The firm made strategic purchases during market dips in August and September, acquiring a total of 7,714 BTC for close to $900 million.

As Bitcoin’s momentum wanes, following a brief surge past $113,000, Saylor is likely to make another significant investment. Such a move could potentially propel Bitcoin beyond the critical $115,000 mark. Historical data from CoinGlass suggests that a forthcoming pump could sustain itself, with Bitcoin’s October performances over the past six years showing gains of up to 40%.

Meanwhile, the nearing end of the Bitcoin Hyper presale in Q4 could provide an additional boost as the project goes public.

Bitcoin Hyper: Addressing Bitcoin’s Performance Bottlenecks

Bitcoin Hyper ($HYPER), a Layer 2 enhancement, aims to overcome Bitcoin’s current performance limitations. Presently, Bitcoin processes only seven transactions per second (TPS), which is insufficient for large-scale institutional investors and payment processors. According to Chainspect data, Bitcoin ranks 28th in TPS performance.

In contrast, Ethereum handles 16 TPS, ranking 17th, while Solana, with its potential for up to 65,000 TPS, ranks second. Bitcoin Hyper seeks to elevate Bitcoin’s performance to Solana’s level through innovations like the Canonical Bridge and the Solana Virtual Machine (SVM).

The Canonical Bridge facilitates rapid transaction confirmations, transforming transactions from hours to mere seconds. By integrating user tokens into Hyper’s Layer 2, the bridge alleviates congestion on the main network, enhancing traffic flow.

The Solana Virtual Machine further boosts performance by enabling swift, low-latency execution of smart contracts and DeFi applications. This upgrade promises Bitcoin network capabilities similar to Solana’s, with higher transaction throughput, immediate finality, and greater scalability, making Bitcoin more attractive to institutional investors.

The presale has already accumulated over $14.2 million and continues to gain momentum. Interested parties can purchase $HYPER at the presale price of $0.012865, which could be a lucrative investment considering the project’s roadmap and potential.

Projections suggest $HYPER could reach $0.32 by the end of 2025, with a possibility of climbing to $1.50 by 2030, yielding a return on investment of 11,559%. These estimates remain conservative, not accounting for global adoption or further enhancements that could elevate the project’s value.

For those interested in investing, visit the presale page to be part of the Bitcoin Hyper journey.

Anticipating Bitcoin’s Future Trajectory

Considering Bitcoin’s historical performance, growing institutional interest, and companies like MARA building mining empires, a robust October bull run seems likely. October has historically been Bitcoin’s most lucrative month, with only two red occurrences in 12 years.

Keep a close watch on Bitcoin and consider adding Bitcoin Hyper ($HYPER) to your investment radar. The $14.2 million presale buzz is justified by the project’s promising potential.

Remember, this article does not constitute financial advice. Conduct your research (DYOR) before making any investment decisions.

Authored by Bogdan Patru, Bitcoinist

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At Bitcoinist, our editorial process is dedicated to delivering meticulously researched, accurate, and unbiased content. We adhere to stringent sourcing standards, and each article undergoes rigorous review by our team of top technology experts and seasoned editors. This commitment ensures the integrity, relevance, and value of our content for our readers.

Emma Horvath

After graduating Communication and Media Studies MA in Eötvös Loránd University, Emma started to realize that her childhood dream as a creative news reporter committed to find dynamic journalism stories. I'm a passionate journalist with a keen interest in the fast-evolving world of cryptocurrencies. I've been reporting on the latest developments in the crypto industry for several years now, covering breaking news and providing insights on how the market is trending. I'm adept at analyzing daily market movements, researching ICOs, and keeping track of the latest innovations in blockchain technology. My expertise in the space makes her a trusted voice in the crypto community. Whether it's the latest Bitcoin price movements or the launch of a new DeFi platform, I am always at the forefront, bringing her readers the most up-to-date and informative news.

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