Leading cryptocurrency miner Marathon Digital (MARA) has added more than 5,000 Bitcoin (BTC) over the past month.
In a social media post, Marathon Digital said that its total holding of Bitcoin now stands at 26,200 tokens worth about $1.50 billion U.S. based on the current price of BTC.
Marathon Digital maintains a long-term hold policy on Bitcoin, commonly knowns as a “HODL” policy in cryptocurrency circles.
The company says that it retains all the Bitcoin that it mines and also makes periodic purchases of the largest cryptocurrency by market cap when the price is favourable.
The increased Bitcoin holdings make Marathon Digital the second-largest corporate holder of Bitcoin in the world behind MicroStrategy (MSTR), according to industry data.
Marathon Digital now owns 0.12% of the global Bitcoin supply.
The increased Bitcoin holdings at Marathon come amid mounting pressure and a wave of consolidation among cryptocurrency miners.
The industry has been under pressures since Bitcoin underwent a halving event this April that reduced the available supply of the cryptocurrency, and the rewards for mining it, by 50%.
Bitcoin is currently trading at $57,760 U.S., up 30% on the year.
