Bitcoin Miner MARA Produced 736 BTC in September, Holds 52,580 BTC in Treasury

Marathon Holdings (MARA) produced 736 BTC in September, marking a 4% increase from August and winning 218 blocks on the Bitcoin network. The company stated it engaged in digital asset management activities and was a net seller of BTC during the month. Despite selling, its bitcoin holdings rose from 50,639 BTC at the end of August to 52,850 BTC by the end of September. MARA retains its position as the second-largest publicly traded corporate bitcoin treasury, only behind Strategy's 640,031 BTC. MARA's shares saw a slight decline in U.S. trading on that Friday. The company continues to navigate the cryptocurrency market amid fluctuating values, with Bitcoin trading closely around the $120,000 mark recently, hinting at upcoming market dynamics. Overall, the data illustrates MARA's strategic approach to managing its bitcoin assets while contributing notably to the Bitcoin mining ecosystem.

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