Marathon Digital Holdings (MARA), a major player in Bitcoin mining, has added over 5,000 BTC in the past month, boosting its total holdings to 26,200 BTC, valued at approximately $1.5 billion. The company disclosed this milestone, solidifying its standing among top crypto holders.

After acquiring 4,144 BTC in mid-August, MARA’s Bitcoin reserves surged to over 25,945 BTC by the end of the month. The company continues to follow a “HODL” strategy, similar to MicroStrategy, retaining all mined BTC and committing to periodic purchases.

With these holdings, MARA is now the second-largest public company holder of Bitcoin, accounting for nearly 0.12% of Bitcoin’s total supply. Bitcoin held by public companies has grown from 272,770 BTC to 333,329 BTC in 2023, while holdings in ETFs and funds have surpassed 1 million BTC, reflecting increased institutional confidence in the cryptocurrency.