Bitcoin reached $103,000, raising MARA's holdings to $5 billion
The Bitcoin mining company, MARA Holdings (MARA), almost tripled its Bitcoin holdings in 12 months, according to its recently released first-quarter results.
However, its Bitcoin production decreased and total revenues were slightly below Wall Street estimates in the first quarter.
MARA, formerly known as Marathon Digital, saw its Bitcoin holdings
increase to 47,531 BTC, a 175% increase from the 17,320 BTC the company held at the end of the first quarter of 2024.
