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MARA Holdings Mines Record 950 Bitcoin in May, Aligns Market Cap with $5.3 Billion Treasury

A proprietary mining pool outperformed network averages to propel production gains

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Overview

  • MARA’s May haul of 950 BTC marked a 35 percent increase from April and its strongest month since April 2024’s halving event
  • The company’s holdings climbed to 49,179 BTC worth about $5.3 billion, matching its $5.3 billion market capitalization
  • MARA credited output growth to its fully integrated tech stack and industry-leading block-reward performance from its self-operated MARA Pool
  • Riot Platforms boosted its May production by 11 percent to 514 BTC, sold 500 BTC and secured 355 acres in Texas to expand its high-performance computing campuses
  • Strategy financed a $75 million purchase of 705 BTC via preferred-stock ATM programs and filed to offer 2.5 million Series A shares for further buys, while Japan’s Metaplanet added 1,088 BTC to enter the global top 10