$MARA Miner Raises an Additional $250 Million for Bitcoin
- Bitcoin Brunch
- Aug 15, 2024
- 1 min read
Updated: Nov 9, 2024
Marathon Digital Holdings CEO, Fred Thiel announced $MARA now holds over 25,000 Bitcoin in their reserves. Marathon is one of the largest publicly traded Bitcoin miners. Fred Thiel believes in having Bitcoin as a strategic reserve for his balance sheet.

Not only is $MARA keen on adding Bitcoin to their balance sheet, they also announced their commitment to Bitcoin and will stamp "Made in USA" onto every block they mine. Thiel said, Marathon is the "only large scale miner who can do this because we run our own pool and ensure that all the blocks mined by MARA Pool are made in USA."
In today's feisty politics, it's admirable that Marathon is not shy to be a proud American company at the forefront of the Bitcoin revolution. It's like engraving a name in gold onto a stone monument, everyone in the world can see who mined the block as it's now embedded into the code on the blockchain evermore.
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Note: MARA Holdings $MARA was previously named Marathon Digital Holdings.
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