MARA: We Have Lent 16% of Our BTC Reserves
Bitcoin miner MARA Holdings released its December 2024 production update, outlining the results of its latest mining operations and revealing its engagement in short-term third-party loans aimed at generating a modest yield.
As of December 31, MARA disclosed that 7,377 BTC, or 16.4% of its total reserves, were deployed in short-term loans to third parties to create additional income for shareholders.
Robert Samuels, MARA’s vice president of investor relations, provided further insights into the lending program in a post on X.
Samuels explained that the program, active throughout 2024, “focuses on short-term arrangements with well-established third parties” and yields a “modest single-digit return.” However, the identities of the borrowers were not disclosed.
For 2024, MARA purchased 22,065 BTC at an average price of $87,205 and mined an additional 9,457 BTC, bringing its total reserves to 44,893 BTC, valued at over $4.4 billion at current prices.
