MARA Holdings has become the second-largest public holder of Bitcoin, owning nearly 26,000 BTC. The title of the largest public holder of Bitcoin goes to MicroStrategy, which possesses 152,800 BTC.
MARA’s Bitcoins are currently valued at an estimated $1.8 billion. The company is actively increasing its holdings, anticipating that cryptocurrency prices will rise in the future.
Analysts suggest that MARA's strategy demonstrates the management's confidence in Bitcoin's long-term prospects. This move might also succeed in attracting additional investors to the company.
