MARA Holdings, a publicly listed Wall Street Bitcoin miner, announced it is lending 7,377 BTC to third parties to generate returns and cover operating costs.

The program, disclosed in a report released last week, represents 16% of the company's total Bitcoin holdings. However, MARA did not disclose the identities of the borrowers or further details about the lending program.

Lending Program Focuses on Short-Term Agreements

The company’s Vice President, Robert Samuels, stated the yield from this lending activity is under 10%. The program has been active throughout 2024, focusing on short-term agreements with established third parties.

“There has been significant interest in MARA's bitcoin lending program,” Samuels posted.

“It focuses on short-term arrangements with well-established third parties. It generates a modest single-digit yield. It has been active throughout 2024. The long-term objective is to generate sufficient yield to offset operating expenses,” he shared.

MARA Sees 2% Decrease in December Bitcoin Production

In its production report, MARA noted a 2% decrease in Bitcoin production from November, with 890 BTC mined in December. This remains the second-largest monthly production since April's reward halving Halving Halving represents a phenomenon when crypto mining rewards are cut in half. Cryptocurrency networks that run on Proof-of-Work (PoW) algorithms require the computers (nodes) that uphold them to solve complex equations that are used to confirm transactions. This process is known as mining. In exchange for their work, these nodes are given rewards in the form of the crypto token that belongs to that particular network. For example, on the Bitcoin network, halving happens regularly at preset interva Halving represents a phenomenon when crypto mining rewards are cut in half. Cryptocurrency networks that run on Proof-of-Work (PoW) algorithms require the computers (nodes) that uphold them to solve complex equations that are used to confirm transactions. This process is known as mining. In exchange for their work, these nodes are given rewards in the form of the crypto token that belongs to that particular network. For example, on the Bitcoin network, halving happens regularly at preset interva Read this Term. The company also mined 249 blocks, the second-highest block count in a month.

🚨🇺🇸 BREAKING $NEWS: @MARAHOLDINGS LOANS OUT 7,377 BITCOIN IN 2024 ($724.62M) TO GENERATE YIELD, COMPANY ANNOUNCES JAN. 3 pic.twitter.com/D5HnXs19cU

— blockchaindaily.news (@blckchaindaily) January 6, 2025

MARA's 2024 bitcoin acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term totaled 22,065 BTC at an average price of $87,205, with 9,457 BTC mined. This brings its total holdings to 44,893 BTC. The company's stock rose 2.60% in pre-market trading and is up 14% since the start of the year.

MARA Follows MicroStrategy’s Debt-to-BTC Strategy

Last November, MARA acquired 6,474 Bitcoin through a $1 billion zero-interest convertible note offering, bringing its total holdings to 34,797 BTC. This follows the debt-to-BTC strategy pioneered by MicroStrategy, highlighting increasing institutional adoption of cryptocurrency treasury management, as reported by Finance Magnates.

The company purchased 6,474 BTC at an average price of $95,395 per coin, including 703 BTC from a recent acquisition. The move raised its Bitcoin treasury to about 34,797 BTC, valued at $3.3 billion. MARA also completed a $1 billion offering of 0% convertible senior notes due 2030 and a partial buyback of 2026 notes.