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Bitcoin Miner MARA Lends 16% of Reserves to Boost Yield and Operational Sustainability
In a move to bolster its yield and operational sustainability, bitcoin miner MARA has announced it will lend out 16% of its reserves. The company has loaned out 7,377 Bitcoin (BTC) to credible counterparties, marking a significant shift in its financial strategy.
MARA’s decision to lend a portion of its reserves aims to generate modest single-digit yields and offset operational expenses. This development comes as the company continues to grow its reserves by 192.5% year-over-year, ending 2024 with a staggering 44,893 BTC worth approximately $4.4 billion at current market prices.
The loaned Bitcoin represents a significant portion of MARA’s total holdings, which have been bolstered by mining and strategic acquisitions throughout the year. The company has reported robust growth in its reserves, fueled by its focus on scaling operations while managing risks in the competitive cryptocurrency industry.
MARA’s strategy to lend out a portion of its reserves is a departure from traditional treasury policies, where mined Bitcoin is typically held until it reaches maturity. By embracing lending, MARA seeks to diversify its revenue streams and improve operational sustainability.
The company has emphasized its commitment to maintaining a strong balance sheet while adapting to the rapidly evolving cryptocurrency landscape. In 2024, MARA reported interest income of $3.9 million in the third quarter and $4.8 million in the first half of the year.
MARA’s financial prowess is demonstrated by its ability to grow its reserves through strategic acquisitions and mining activities. The company has expanded its mining operations, with a realized hashrate (reflecting effective mining power) increasing by 15% from earlier in the year.
Source: cryptonewsland.com
