MARA Mines 705 BTC, Nears $6B Bitcoin Treasury
Digital asset miner MARA Holdings has boosted its Bitcoin treasury to nearly $6 billion after mining 705 BTC in August. The company’s hash rate rose to 59.6 EH/s following the activation of its Texas wind farms, underpinning its mining strides. MARA plans to acquire a 64% stake in low-carbon energy producer Exaion by Q4 2025, diversifying its energy footprint. Meanwhile, the Bitcoin Layer 2 upgrade, Bitcoin Hyper, has raised over $14.2 million in its presale, promising Solana-level performance with tools like the Canonical Bridge and Solana Virtual Machine. With Bitcoin trading below $111,000, MARA intensifies its accumulation strategy ahead of a potential Q4 bull run, supported by historical October gains averaging up to 40%. Traders should watch Bitcoin’s hash rate growth, institutional stacking trends, and Bitcoin Hyper’s presale activity as key indicators. While short-term volatility may persist, long-term market stability appears bullish, driven by institutional demand, energy-efficient mining expansions, and Layer 2 scalability solutions.
Bullish
MARA’s aggressive expansion of its Bitcoin treasury through increased hash rate and large-scale mining mirrors strategies employed by firms like MicroStrategy, which historically have supported price appreciation by absorbing available supply. The 64% Exaion energy stake and over $14 million in Bitcoin Hyper presale funds add speculative and institutional interest. Seasonal data shows October as one of Bitcoin’s strongest months, bolstering the case for a near-term rally. In the long run, energy diversification and Layer 2 scalability improvements can drive broader adoption, reinforcing demand. Together, these factors create both immediate buying pressure and sustained bullish momentum.